Update on new listed investment company
Released
Released
Announcement PDF
Argo Investments Limited
ABN 35 007 519 520
Head Office
GPO Box 2692
Adelaide, South Australia 5001
Level 12, 19 Grenfell Street,
Adelaide, South Australia 5000
Telephone (08) 8212 2055
Facsimile (08) 8212 1658
Email invest@argoinvestments.com.au
15 June, 2015
The Manager
Company Announcements
ASX Limited
20 Bridge Street
SYDNEY NSW 2000
Sydney Office
GPO Box 4313
Sydney, New South Wales 2001
Level 25, Suite 2505, 259 George Street,
Sydney, New South Wales 2000
Telephone (02) 8274 4700
Facsimile (02) 8274 4777
www.argoinvestments.com.au
Dear Sir or Madam,
Please find attached a media release regarding progress towards the initial public offering of Argo Global
Listed Infrastructure Limited.
Yours faithfully,
ARGO INVESTMENTS LIMITED
T.C.A. Binks
Company Secretary
Argo Investments Limited
ABN 35 007 519 520
Head Office
GPO Box 2692
Adelaide, South Australia 5001
Level 12, 19 Grenfell Street,
Adelaide, South Australia 5000
Telephone (08) 8212 2055
Facsimile (08) 8212 1658
Email invest@argoinvestments.com.au
15 June, 2015
ASX / Media Release
Sydney Office
GPO Box 4313
Sydney, New South Wales 2001
Level 25, Suite 2505, 259 George Street,
Sydney, New South Wales 2000
Telephone (02) 8274 4700
Facsimile (02) 8274 4777
www.argoinvestments.com.au
NOT FOR RELEASE OR DISTRIBUTION WITHIN THE UNITED STATES
AGLI has reached the minimum capital raising milestone of $200 million
ahead of the offer closing date of 19 June 2015
Argo Investments Limited (Argo) (ASX: ARG) today announced that demand for the Argo Global
Listed Infrastructure Limited (AGLI) (ASX: ALI) initial public offer has reached the minimum equity
raising target of $200 million. Demand for the offer continues to build with strong interest from
Argo shareholders, stockbrokers, financial advisers, self-managed superannuation funds and other
investors. The offer will close on Friday, 19 June 2015. The AGLI shares and options issued under the
offer are expected to commence trading on the ASX on 3 July 2015.
Ian Martin AM, Chairman of AGLI, said “The diversification benefit from adding a global
infrastructure allocation to an investment portfolio has resonated well with the investor
community.
AGLI is a unique offering because it provides investors with an actively managed exposure to global
listed infrastructure opportunities in a form that is not presently available on the ASX”.
AGLI has been established to invest in a portfolio of global listed infrastructure securities, with the
objective of providing both long-term capital growth and dividend income for shareholders. The
portfolio will invest in a diverse cross section of countries and infrastructure sub-sectors including
airports, water, pipelines, railways, ports, satellites, toll roads, telecommunications towers and
electricity, gas and renewable energy utilities.
The portfolio will be actively managed by Cohen & Steers, a leading NYSE-listed global investment
manager with a long and successful track record of investing in global listed infrastructure since
2004.
Argo is being advised by Rothschild. CBA Equities and Taylor Collison are acting as Joint Arrangers
and Joint Lead Managers. Morgan Stanley, Morgans and Ord Minnett are acting as Joint Lead
Managers. Co-Lead Managers are Bell Potter and Shaw ICS Advisory, and Minter Ellison is the
Solicitor to the Offer.
You should read the Prospectus in full and carefully consider the information provided before
making your investment decision. Applications for shares can only be made by completing the
application forms accompanying the Prospectus for the offer or applying online at
www.argoinfrastructure.com.au
For further information, contact your broker or visit www.argoinfrastructure.com.au
Media enquiries:
Peter Brookes
Citadel-MAGNUS Communications
0407 911 389
pbrookes@citadelpr.com.au
About Argo Investments
Argo Investments Limited is a leading Australian listed investment company (ASX: ARG) which manages a
diversified portfolio of Australian investments with the objective of maximising long-term returns to its
shareholders through a balance of capital and dividend growth. Established in 1946, Argo has over 75,000
shareholders and a c.$5.0 billion portfolio invested across over 100 different equity holdings and cash.
For further information, visit www.argoinvestments.com.au
About Cohen & Steers
Founded in 1986, Cohen & Steers, Inc. is a leading global investment manager with a long history of innovation and
a focus on listed real assets, including real estate, infrastructure and commodities, along with preferred securities
and other income solutions. Cohen & Steers has approximately A$70 billion in funds under management which
includes c.A$5.7 billion in global listed infrastructure assets. The company is listed on the New York Stock
Exchange (NYSE: CNS) and is one of the world’s largest investors in global listed infrastructure. Cohen & Steers has
a dedicated listed infrastructure investment team with a depth of experience across broad sub-sectors within the
infrastructure space and a proven investment process which has led to consistent outperformance relative to
global benchmarks.
For further information, visit www.cohenandsteers.com
Disclaimer
This announcement has been prepared for publication in Australia and may not be released or distributed in the
United States. This announcement does not constitute an offer of securities for sale in the United States or any
other jurisdiction. Any securities described in this announcement may not be offered or sold in the United States
absent registration under the US Securities Act of 1933 or an exemption from registration.
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