Infratil successfully completes NZ$1,000 million placement

Infratil Limited (ASX: $IFT) has successfully completed the underwritten placement of NZ$1,000 million, issuing new shares at NZ$10.15 per share. The placement attracted significant interest from existing shareholders and new investors in New Zealand, Australia, and offshore, with total demand exceeding the placement size. Settlement of the placement is expected to occur on Thursday, 20 June 2024 on the ASX and Friday, 21 June 2024 on the NZX.

Executive Commentary

We are very pleased with the strong level of support for the Placement, particularly from our existing shareholders. We are also excited to welcome several high quality institutional investors onto our register. We look forward to our retail shareholders having the opportunity to participate in the equity raising through the Retail Offer, which opens on Thursday, 20 June 2024. The capital raised will create significant capacity to fund growth investments at our Trans-Tasman data centre platform, CDC, and across the broader Infratil portfolio.

Summary

Infratil (ASX: $IFT) has successfully completed a NZ$1,000 million placement, with the capital raised expected to fund growth investments at their Trans-Tasman data centre platform, CDC, and across the broader Infratil portfolio. The placement attracted significant interest from both existing shareholders and new investors in New Zealand, Australia, and offshore. The Retail Offer, opening on Thursday, 20 June 2024, will provide an opportunity for retail shareholders to participate in the equity raising. Settlement of the placement is expected to occur on Thursday, 20 June 2024 on the ASX and Friday, 21 June 2024 on the NZX.