Dexus today announces that APN Property Group held scheme meetings in relation to the proposal for Dexus to acquire all of the stapled securities in APN and is pleased to announce that all of the resolutions were passed by at least 97% of the votes.
Implementation of the transaction remains subject to court approval.
If the Court approves the Scheme (expected on the 13th August), the APD securityholders on the register on the Scheme Record Date will be paid the Scheme Consideration of 90 cents per APD stapled security. Payment will be made on the Implementation Date, which is expected to be 13 August 2021.
The interim distribution of 1.5 cents per APD security announced on 11 June 2021 will be paid on 30 July 2021 to APD securityholders on the register on 30 June 2021, irrespective of whether the Schemes become effective.
Refer to our previous articles on this proposal;
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