Notification of Issue of Securities

Notification of Issue of Securities

Notification of Issue of Securities 07/10/2015

For the purposes of Listing Rule 7.12.1 of the NZX Main Board Listing Rules, Stride Property Limited advises the following securities have been issued pursuant to the issuer’s placement of shares:
a) Class of security:Ordinary Shares
ISIN:NZDNZE0001S9
b) Number issued:59,400,000
c) Issue Price:$1.94
d) Payment terms:Cash
e) Amount paid up:In full
f) Percentage of total class issued:19.98% of the total shares on issue immediately prior to the issue of the new shares.
g) Reason for issue:Placement to eligible investors and shareholders as announced on 23 September 2015.
h) Authority for issue:Board resolution dated 23 September 2015.
i) Terms of issue:The shares will rank equally in all respects with existing ordinary shares of the Company at the date on which they are issued.
j) Total number of securities after issue:356,627,683
k) Treasury stock:N/A
l) Date of issue:7 October 2015

 


 

For Further Information Please Contact:
Tim Storey, Chairman, Stride Property Limited
Mobile: 021 633 089 – Email: [email protected]

Peter Alexander, Chief Executive, Stride Property Limited
DDI: 09 913 1154 – Mobile: 0275 443 678 – Email: [email protected]

Jennifer Whooley, Chief Financial Officer, Stride Property Limited
DDI: 09 913 1150 – Mobile: 021 536 406 – Email: [email protected]

Stride Overview
Stride Property Limited (‘Stride’), formerly known as DNZ Property Fund Limited, owns one of New Zealand’s largest diversified investment property portfolios with $890.9 million (as at 31 August 2015) of commercial office, retail and industrial properties located in the main urban areas throughout New Zealand. As at 31 August 2015, Stride owned 42 properties with 294 tenants, a weighted average lease term (WALT) of 5.3 years and an occupancy rate of 99.6% over a net lettable area of 338,504m².

Stride is a Portfolio Investment Entity in which investors hold shares and is managed by its own internal management team. Stride is also the manager of Diversified NZ Property Fund Limited, a $118.4 million (as at 31 March 2015) commercial property fund.

Stride’s top 10 tenants as at 31 August 2015: Bunnings, Progressive Enterprises (Countdown), Foodstuffs (PAK’nSAVE & New World), ASB, NZ Government, The Warehouse, Fletcher Building, Westpac, Meridian and Lion. These 10 tenants represent 50% of Stride’s total contract rental.

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