Rural Funds Group Acquisition and equity raising Webinar Transcript
Good morning, ladies and gentlemen. Thank you for standing by. My name is James Powell, and I'm joined today by David Bryant, Managing Director; Tim Sheridan, Chief Operating Officer; and connecting from Sydney is Daniel Yap, Chief Financial Officer.
Further to disclosures lodged on the Australian Securities Exchange yesterday and today, Rural Funds Management, as responsible entity of the Rural Funds Group, is pleased to announce a non-renounceable entitlement offer, which provides investors the opportunity to acquire 1 unit in RFF for every 8.4 units owned on the record date at a price of $2.47 per security. The entitlement offer has been fully underwritten, as announced.
The purpose of today's call is for management to provide details of the offer, including the use of proceeds and integration with RFF's strategy. Shortly, I will hand over to our presenters. (Operator Instructions) Please also be advised, the webinar is being recorded.
I will now hand over to our first
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