URB Investments Ltd IPO

Bids for the URB Investments Ltd Broker Firm Offer are open.

URB Investments Ltd Offer

URB Investments Ltd Offer

Urban renewal & regeneration investment company, URB Investments Ltd, is seeking to raise up to $300m through the issue of URB securities at $1.10 per security. 

Each URB security comprises a fully paid ordinary share plus an attaching option exercisable at $1.10 per option before 7 April 2018.

  • URB was established in 2016 and will seek to capture long-term value by investing in equity assets and direct property assets exposed to the growing area of urban renewal and regeneration.
  • The company's investment portfolio will be managed by Contact Asset Management Pty Ltd, who is the current manager of BKI Investment Company Ltd.
  • Investments in direct property assets are expected to be made alongside the investment house, Soul Pattinson.
  • URB aims to pay out between 50% and 70% of net operating profits as ordinary fully franked dividends.

Bell Potter is a Joint Leader Manager to the Offer.

The Prospectus has been lodged. Please ensure you read it carefully before you bid on behalf of your clients. 

Details of the Offer and on how to bid are enclosed below. 

Access URB's investor presentation here.

Lonsec's review on URB is available here.

Access the Prospectus here

Key Offer information

  • URB is seeking to raise between $75m and $300m under the Offer. 
  • The issue price is $1.10 per share.
  • For every one share under the Offer, investors will receive one option. The option is exercisable at $1.10 at any time before 7 April 2018.
  • The Offer is open to new investors with a Priority Offer available for Soul Pattinson and BKI shareholders.
  • Soul Pattinson has committed to subscribe for a minimum of 10% of the securities under the Offer.

Investment Highlights

Key Offer Dates

Firm bids are due by 5.00pm on Friday 24th March 2017 (AEDT).

These dates are subject to change and are indicative only.

How to bid

If you're not a Desktop Broker client, contact us here. 

For existing Desktop Broker clients, follow the steps below:

1. Download and review the Prospectus here.

2. Download the firm bidding form here and fill in the details. 

Please note: all bids are at final price.

The Offer price is $1.10 per share; for every one share under the Offer, you will receive one attaching option. The option will be exercisable at $1.10 at any time before 7 April 2018.

You must bid for a minimum of 2,000 shares & options ($2,200) and thereafter in multiples of 100.

3. Email your form to support@desktopbroker.com.au. 

Firm bids are due by 5.00pm on Friday 24th March 2017 (AEDT). However, the company may vary the timetable, including closing the Offer early, at any time prior to that date, without notice.

If you have any queries please don't hesitate to contact our support team on 1300 726 177.