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Augusta announces NZ$45 million equity raising

5/05/2020, 08:46 NZST, OFFER

Augusta Capital Limited (NZX: AUG) has announced its intention to raise approximately NZ$45 million via a NZ$12.4 million underwritten placement to institutional investors, together with an approximately NZ$32.6 million 1 for 1.9 pro-rata non-renounceable accelerated entitlement offer. Augusta is pleased to announce that Centuria Capital and Centuria Funds Management (together "Centuria") have committed to taking up an initial holding of 15.6% under the placement. Centuria has also committed to Augusta to fully subscribe for all of its entitlements under the entitlement offer, as well as partially sub-underwrite the entitlement offer. Centuria is expected to have a minimum shareholding of 19.0% following completion of the institutional component of the entitlement offer and a maximum shareholding of 24.99% after completion of the equity raise. Mark Francis, managing director, has committed to subscribe for $3 million of the new shares to be issued, with the balance of the equity raise underwritten by Jarden Partners Limited and Forsyth Barr Group Limited. Included in this announcement is: 1. Market Announcement 2. Offer Document (including a letter from the Chair) 3. Investor Presentation 4. NZX Corporate Action Notice 5. Cleansing Notice ENDS For further information, contact: Paul Duffy / Mark Francis / Simon Woollams Chairman / Managing Director / Chief Financial Officer End CA:00352659 For:AUG Type:OFFER Time:2020-05-05 08:46:01