June 2 (Reuters) - Arena Reit No 1 ARF.AX :
* ANNOUNCES UNDERTAKING A FULLY UNDERWRITTEN A$50 MILLION INSTITUTIONAL PLACEMENT
* FY20 DISTRIBUTION GUIDANCE OF 13.9 TO 14.0 CENTS PER SECURITY
* UNDERTAKING INSTITUTIONAL PLACEMENT AT A$2.28 PER NEW STAPLED SECURITY
* ISSUE PRICE OF A$2.28 PER NEW STAPLED SECURITY
* OFFERING NON-UNDERWRITTEN SECURITY PURCHASE PLAN TO RAISE UP TO A$10 MILLION
* PIPELINE OF 20 DEVELOPMENT PROJECTS AT A FORECAST COST OF $112 MILLION WITH $67 MILLION OF CAPEX OUTSTANDING
* EXPECTS TO PAY FINAL FY20 DISTRIBUTION FOR SECOND HALF IN RANGE OF 6.75 TO 6.85 CENTS PER SECURITY
* DEVELOPMENT PIPELINE OF 20 PROJECTS AT TOTAL FORECAST COST OF $112 MILLION OVER NEXT 18 MONTHS
* INSTITUTIONAL PLACEMENT TO REDUCE PRO FORMA 31 DEC 2019 GEARING TO 17.6%