By Sheri Kasprzak
New York, June 26 - Austock Property Management Ltd. settled a A$20,239,526 private placement on behalf of subsidiary Australian Education Trust.
The company issued 12,809,827 trust units of Australian Education Trust at A$1.58 each to new and existing institutional, professional and sophisticated investors.
ABC Learning Centres Ltd., an existing investor, participated in the offering.
Austock Corporate Finance Ltd. was the placement agent.
Proceeds will be used for acquisitions.
Located in Melbourne, Australia, Australian Education Trust owns and operates a chain of childcare centers.
| Issuer: | Australian Education Trust
|
| Issue: | Trust units
|
| Amount: | A$20,239,526
|
| Trust units: | 12,809,827
|
| Price: | A$1.58
|
| Warrants: | No
|
| Placement agent: | Austock Corporate Finance Ltd.
|
| Investor: | ABC Learning Centres Ltd. (others)
|
| Settlement date: | June 26
|
| Stock symbol: | Australia: AEU
|
| Stock price: | A$1.65 at close June 26
|
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