3 August, 2016
Viva Energy REIT[1] (ASX: VVR) is proud to announce that its stapled securities will be admitted to the official list of the Australian Securities Exchange (ASX) today, with trading in those securities (“Securities”) to commence with immediate effect.
The Securities will initially commence trading on a conditional and deferred settlement basis. Trading on a normal settlement basis is expected to commence on 12 August 2016.
The Securities, which were offered at a price of $2.20 per security, implying a market capitalisation of approximately $1.5 billion, will debut on the ASX at 12:00 AEST.
Chairman of Viva Energy REIT, Laurie Brindle, said today’s listing is an important milestone for Viva Energy REIT.
“We look forward to soon welcoming applicants under the initial public offering to the register of Australia’s only listed REIT owning solely service stations,” said Laurie.
Viva Energy Australia Pty Ltd (“Viva Energy”) Chief Executive Officer and Viva Energy REIT Director, Scott Wyatt, said that the listing is also an important event for Viva Energy.
“Viva Energy has an outstanding history in Australia over more than 100 years and today marks another exciting chapter,” said Scott.
“We look forward to working together with Viva Energy REIT for our mutual benefit and are proud that we will be Viva Energy REIT’s largest security holder immediately following completion of the offer of the Securities (“Offer”), with a 40% retained interest,” he said.
Margaret Kennedy, Managing Director of VER Manager Pty Ltd, the manager of Viva Energy REIT, thanked the team involved in preparing Viva Energy REIT for its entry to the ASX.
“Today’s listing is the result of a lot of hard work by the team at Viva Energy REIT and Viva Energy, its shareholders and the broader Vitol Group,” said Margaret.
I know they share my excitement about the future for Viva Energy REIT, and we look forward to the Offer completing next week,” she said.
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Important notice
The Offer relates to the issue of Securities by Viva Energy REIT, which is being made pursuant to a prospectus and product disclosure statement available at www.vivaenergyreit.com.au.The deadline for submitting an application form to subscribe for Securities has now passed and, accordingly, applications for Securities are no longer being accepted.
This release does not constitute, or form part of, an offer to sell or a solicitation of an offer to buy Securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such jurisdiction. In particular, the Securities have not been, and will not be, registered under the U.S. Securities Act of 1933 (the “US Securities Act”) or under the securities laws of any state or other jurisdiction of the United States and, accordingly, may not be offered and sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act and applicable U.S. state securities laws. This release must not be released or distributed in the United States, or in any jurisdiction outside of Australia.
[1] Viva Energy REIT comprises Viva Energy REIT Limited (ACN 612 986 517) and VER Limited (ABN 43 609 868 000) (AFSL 483795) as responsible entity of the Viva Energy REIT Trust (ARSN 613 146 464).