Goodman Group (ASX:GMG) said its security purchase plan offer is open for eligible security holders on the record date of Feb. 18 to raise up to AU$400 million, according to a Thursday Australian bourse filing.
The offer is not underwritten and is expected to close on March 13.
The issue price for Goodman securities under the offer is AU$33.5 per new security.
Securityholders are eligible to apply for a parcel of new securities, subject to a minimum application amount of AU$2,500, up to an aggregate of AU$30,000 across all their holdings.
The plan follows the completion of a AU$4 billion institutional placement.
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