Investor Update | October 2018
Open for Investment
We are pleased to announce Pelathon Pub Group will be open for investment from 22 October 2018.
The Group is seeking to raise $3 million at $1.05 per security, with proceeds to be allocated to debt amortisation and capital expenditure. The purpose of the offer is to build upon existing assets’ performance and strengthen the Group’s gearing position which will allow it to respond quickly to new opportunities as they arise.
For a copy of the Offer Document, please contact us at email@example.com or phone 02 9098 9100. (iv)
Queens Hotel Motel sold, gearing reduced
The sale of the Queens Hotel Motel settled in September 2018 and net proceeds were applied to amortisation of bank debt. The Group’s gearing (total debt / total assets) now sits at 43.6%.
Current information on the Group’s gearing, portfolio and NTA is available on our website through the periodic RG46 Disclosure documents under Investor Updates at pelathon.com.
Distributions and Taxation
The distribution for the quarter ended 30 September will be paid by 31 October 2018 at a rate of 2.25 cents per security. The distribution statement will be available for download from our online registry upon payment.
Annual periodic and tax statements for the 2017/18 financial year are also now available for download.
Annual General Meeting – 8 November 2018
Pelathon Pub Group is holding its Annual General Meeting for the year ended 30 June 2018 on Thursday 8 November 2018. The meeting will take place in Pelathon’s offices at Suite 1, 207 Ben Boyd Road, Neutral Bay NSW 2089, commencing 10:30am (Sydney time).
Audited Financial Statements
The Audited Consolidated Financial Report of Pelathon Pub Group for the year ended 30 June 2018 is now available online.