Arena REIT (AU:ARF) has released an update.
Arena REIT has announced a fully underwritten institutional placement and a security purchase plan for eligible securityholders in Australia and New Zealand, aiming to raise equity through the issuance of new securities. This significant financial move is managed by Macquarie Capital and Jefferies as the Joint Lead Managers, with the institutional placement targeting sophisticated and professional investors. The company highlights that this presentation is not an official prospectus and should be read alongside its continuous disclosure announcements on the ASX.
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