GMT Allotment of Placement Units | New Zealand
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GMT Allotment of Placement Units

Monday, 19 November 2012

Goodman (NZ) Limited, manager of the Goodman Property Trust ("GMT"), hereby advises the NZX of the allotment of the undermentioned securities and requests these securities be listed and quoted on NZX.

The details of the allotment, as required by listing rule 7.12.1, are:

(a) Issuer: Goodman (NZ) Limited, as manager of GMT.
(b) Class of security issued: Fully Paid Ordinary Units in GMT ("Units") ISIN: NZCPTE0001S9
(c) Number of securities issued: 59,076,923 Units (d) Nominal value / Issue price: $1.015625 per Unit (e) Payment method: Cash
(f) Amount paid up (if not in full): Paid in full
(g) Percentage of the total class of securities issued: 5.819% of the Units on issue immediately prior to the issue of new Units.
(h) Reason for the issue: The funds from the offer will partly fund the cash component of the acquisition by GMT of the 50% interest in Highbrook Development Limited, and the 25% interest in Highbrook Business Park Limited ("HBPL") (including the 25% interest in the properties held by HBPL), not currently owned by GMT.

If the acquisitions do not proceed, the funds from the offer will be used to meet transaction costs and repay indebtedness of GMT and, once identified and secured, to fund other investment opportunities.
(i) Specific authority for the issue: Directors' resolution and clauses 5.1 and 5.3 of the tust deed of GMT.
(j) Any terms or details of the issue: The new Units will rank pari passu with existing Units. The new Units will be eligible for the second quarter distribution to be paid on 20 December 2012.
(k) Total number of securities of the class in existence after the issue: 1,074,146,428 Units
(l) Treasury stock (acquisition only): Not applicable. (m) Issue date : 16 November 2012