Highlights

  • Precinct Properties has opened an NZD 25m share purchase plan.
  • Eligible shareholders can subscribe for up to NZD 50,000 worth of shares.
  • The SPP follows a fully underwritten NZD 285m placement to eligible investors.

Precinct Properties Group (NZX:PCT) has opened a non-underwritten share purchase plan (SPP) targeting NZD 25m of new stapled shares. The SPP forms part of Precinct’s NZD 310m equity raise announced on 13 October 2025, which also included a fully underwritten NZD 285m placement of New Stapled Shares to eligible investors in New Zealand, Australia, and select jurisdictions.

The NZD 285m placement, conducted at NZD 1.23 per New Stapled Share, represented a 7.5% discount to Precinct’s last closing price of NZD 1.33 on 10 October 2025 and a 7.7% discount to the five-day volume weighted average price (VWAP) of NZD 1.3332. Settlement, allotment, and commencement of trading for shares issued under the placement is expected on 17 October 2025.

Eligibility and Subscription Details
Eligible shareholders are those recorded on Precinct’s share register with a New Zealand address as of 5:00pm (NZDT) on the record date of 10 October 2025. Each eligible shareholder can subscribe for up to NZD 50,000 worth of New Stapled Shares. The issue price will be the lower of the placement price of NZD 1.23 or a 2.5% discount to the five-day VWAP of Stapled Shares leading up to the SPP closing date.

Application Process and Key Dates
Eligible shareholders can apply before before 5:00pm (NZDT) on 28 October 2025 to participate. The SPP record date was 10 October 2025, the opening date is 15 October 2025, and the closing date is 28 October 2025. Settlement and allotment of New Stapled Shares under the SPP is scheduled for 4 November 2025.

Share Performance of PCT

The company is currently trading at NZD 1.23 per share slightly down by 0.81% from its last close of NZD 1.24%.