WEST Australian property group Aspen has announced its Entitlement Issue has closed with acceptances totalling 95.7% of the issue.
The issue has raised $54.5 million through the issue of approximately 30.3 million New Stapled Securities at $1.80 each.
The issue provided all Security holders with an opportunity to participate in the growth of Aspen Group and has resulted in a very strong level of support. Allotment is to be completed on Thursday, 29 March 2007 with trading of the New Stapled Securities to begin on Friday, 30 March 2007.
The shortfall of 1,307,654 Stapled Securities will be placed by the underwriter Euroz Securities Limited, with settlement of the shortfall to be completed on Wednesday, April 04, 2007.
Australian Property Journal
