Listed Property Fund IPO
Augusta Funds Management Limited today announced that it is considering making an offer of up to $60 million new
ordinary shares to the public in a property fund, Kermadec Property Fund Limited. It is intended that the proceeds of
the offer will be applied to the acquisition of approximately $100 million commercial and industrial property.
Augusta Funds Management Limited expects the offer will open early November. Under the terms of the intended offer, a
priority pool of shares will be reserved for allocation by those persons who hold shares in certain properties to be
acquired by Kermadec Property Fund Limited at the date of the prospectus. These holders will be invited by letter to
register their interest in receiving an allocation of shares in the offer. An indication of interest will carry no
obligation or commitment of any kind.
No money is currently being sought and no applications for securities will be accepted or money received unless the
subscriber has received an investment statement.
ENDS