APN Property Group Limited has completed its $8.1 million entitlement offer.
The 1 for 5 pro rata non-renounceable entitlement offer was issued at $0.25 per new share.
APN received valid applications from eligible shareholders for 21,558,228 new shares in respect of their pro-rata entitlements. There was a shortfall of 10,749,994 new shares, representing approximately 33.3% of the offer before underwriting and sub-underwriting.
Macquarie Capital (Australia) Limited, will either place the shortfall to sub-underwriters or take up the shortfall itself.
Property Review
