The Offeror seeks to raise up to approximately A$95.3 million by way of a non-underwritten Placement of up to approximately 27.9 million new fully paid ordinary units in RF1 to professional and sophisticated investors (Placement).
New Units to be issued under the Placement will be issued using the Fund's available placement capacity under ASX Listing Rule 7.1.
Eligible Unitholders are entitled to participate in the non-underwritten Unit Purchase Plan (UPP) and may apply for up to A$30,000 worth of RF1 units (subject to any scale-back on a pro rata basis at the absolute discretion of the RF1 Board) free of any brokerage, commission and transaction costs (together with the Placement, the Offer).
The UPP is targeting to raise approximately A$30 million, while maintaining the flexibility to accept applications in excess of this amount. Applications in excess of the approximately A$30 million target amount may be scaled back (on a pro rata basis at the discretion of the Fund).The
Placement and UPP will not be underwritten.
A$3.41 per Unit under the Offer (Offer Price), which represents:
- 5.3% discount to the last traded price of $3.60 as of 18 November 2024
- 6.1% discount to the 10-day VWAP price of $3.63 as of 18 November 2024
- Equal to the most recent NTA as of 15 November 2024
New capital raised will be allocated across Regal strategies in line with the Fund’s investment objectives.
