INDEPENDENT NEWS

ING updates market on unit purchase plan

Published: Mon 3 Apr 2006 09:59 AM
Friday, 31 March 2006
ING updates market on unit purchase plan
Further to the institutional placement undertaken in November 2005, ING Property Trust Management Limited (IPTML) advises that Eligible Unitholders in ING Property Trust (ING) will have the opportunity to participate in ING’s growth with the introduction of a Unit Purchase Plan (UPP).
The UPP will enable Eligible Unitholders to subscribe for new units in ING at an issue price of the lower of $1.139 or the average end-of-day market price of units over the 30 days immediately before the date of offer. The maximum investment by an Eligible Unitholder must not exceed $5,000.
Eligible Units issued under the UPP will rank equally with all other Units on issue and will participate equally in all distributions declared after the date of issue.
The record date for the UPP is 18 April 2006, and the terms and conditions, together with an Application Form, will be mailed to Unitholders on 21 April 2006. The UPP will open on 21 April 2006 and close on 19 May 2006.
The UPP may also be withdrawn in certain circumstances, which are detailed in the UPP terms and conditions.
ENDS

Next in Business, Science, and Tech

Waste work programme to tackle tough problems
By: New Zealand Government
Foreign buyers ban passes third reading
By: New Zealand Government
Fairfax slashes value of NZ business as Nine merger looms
By: BusinessDesk
Commission to sue Viagogo
By: Commerce Commission
Fonterra CEO Spierings goes early after milk price trimmed
By: BusinessDesk
Tyres pollution: Some collectors ignore disposal rules
By: RNZ
Concrete solutions to Auckland’s construction waste
By: New Zealand Government
Greens all talk, no action
By: New Zealand National Party
Councils back the Government’s waste work programme
By: Local Government NZ
Waste levy hike has nothing to do with the environment
By: New Zealand Taxpayers' Union
NZ First Welcomes First Step in Addressing Foreign Ownership
By: New Zealand First Party
REINZ is disappointed foreign buyer ban passes third reading
By: REINZ
KiwiBuild puts the housing market at risk
By: New Zealand National Party
Urban Growth Agenda Warrants Bi-Partisan Support
By: Infrastructure NZ
Consumer NZ welcomes action against Viagogo
By: Consumer NZ
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media