Founded in 1988 by John McGrath, McGrath has been established as one of the leading residential real estate service providers in Australia with a strong market presence in NSW and the ACT and a growing presence in Queensland. McGrath is also in the process of establishing a presence in Victoria.

McGrath Holdings is offering up to 62.1 million Shares, comprising the sale of 30.6m Shares by SaleCo and the issue of up to 31.5m New Shares by McGrath Holdings. The total number of Shares on issue should be 134.2m, with 62.1m held by Existing Shareholders and subject to voluntary escrow agreements.

The purpose of the Offer is to:

• achieve a listing on the ASX to broaden McGrath’s shareholder base and provide a liquid market for its Shares
• provide an opportunity for Existing Shareholders to partially realise their investment
• provide an improved capacity to attract and retain quality agents and staff through short and long term incentive programs
• fund the initial consideration for the Acquisition and
• fully repay debt and provide additional financial flexibility for McGrath to pursue growth opportunities and improve access to capital markets.