DISTRIBUTION FOR THE HALF YEAR ENDED 31 MARCH 2010
13/04/2010
ConnectEast Group confirms that the distribution of one cent per stapled unit will be paid on or about 23 April 2010.
The pricing period of 20 trading days for determining the price at which stapled units will be issued under the ConnectEast Group Distribution Reinvestment Plan (DRP) for this distribution began on 12 March 2010 and ended on 12 April 2010.
In accordance with the terms of the DRP, unitholders participating in the DRP will be issued stapled units at $0.4217 per unit. This is the arithmetic average of the daily volume-weighted average price over the above pricing period less a discount of five per cent.
The cash component ($10,450,714) of the distribution will be paid from existing cash balances, and will not be underwritten under the Group's DRP underwriting facility.
For further information about the distribution, please contact Link Market Services on 1300 551 346 or 02 8280 7704.
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