25 July 2017
Unitholder approval to establish Convenience Retail REIT obtainedAPN Property Group Limited (APN) advises that unitholders in APN Property Plus Portfolio (PPP) have today voted to overwhelmingly approve the resolutions to enable the formation of Convenience Retail REIT.
The voting results of the unitholder meeting were as follows:
For | Against | Abstain | ||||
Resolution 1 - Special Resolution | 10,738,842 | 95.28% | 462,207 | 4.10% | 70,000 | 0.62% |
Resolution 2 - Ordinary Resolution | 11,177,049 | 99.17% | 24,000 | 0.21% | 70,000 | 0.62% |
Details of the formation of Convenience Retail REIT are contained in the product disclosure statement issued by APN Funds Management Limited and CRR SaleCo Limited and dated 28 June 2017.
The Institutional Bookbuild and Cash Out Facility Offer Bookbuild will now be conducted by the Bookrunners, Merrill Lynch Equities (Australia) Limited and UBS AG, Australia Branch, and the results of those bookbuilds will be announced once determined.
ENDSFor further information, please contact:
Tim Slattery Chris BrockettCEO Fund Manager, Convenience Retail REIT
T +613 8656 1000 T +613 8656 1000
About APN Property Group
APN Property Group Limited (ASX code: APD) is a specialist real estate investment manager. Since 1996, APN has been actively investing in, developing and managing real estate and real estate securities on behalf of institutional and retail investors. APN's focus is on delivering superior investment performance and outstanding service. Performance is underpinned by a highly disciplined investment approach and a deep understanding of commercial real estate.
www.apngroup.com.au
APN Property Group LimitedABN 30 109 846 068 ASX Code: APD
Level 30, 101 Collins Street
Melbourne, Victoria 3000 Australia
T +61 (0) 3 8656 1000 F +61 (0) 3 8656 1010Wwww.apngroup.com.au
Eapnpg@apngroup.com.au
APN Property Group Limited published this content on 25 July 2017 and is solely responsible for the information contained herein.
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