IFT has completed its underwritten placement

Infratil Limited (ASX: IFT) has successfully concluded the underwritten placement component of its NZ$850 million equity-raising plan. The placement generated NZ$750 million at NZ$9.20 per share. This price reflects a discount of 8.9% compared to the last closing price of NZ$10.10 on the NZX as of Tuesday, June 6, 2023, and a discount of 7.9% compared to the 5-day volume-weighted average price (VWAP) of NZ$9.99.

The placement received strong support, exceeding the offer amount, with significant bids coming from existing and new investors in local and international markets, including clients of brokerage firms. The eligible shareholders for the placement were allocated their total requested new shares up to their pro-rata share. The additional capital raised will be utilized to acquire a further stake in One NZ and provide flexibility in supporting Infratil's promising pipeline of investment opportunities.

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