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Folkestone Limited (“Folkestone”) is pleased to announce that the scheme of arrangement between Folkestone and its shareholders (“Scheme”) was implemented today.
Implementation follows approval of the Scheme by the members of Folkestone at the Scheme meeting held on 17 October 2018 and by the Federal Court of Australia on 22 October 2018.
All Folkestone shares have been transferred to Charter Hall Limited. Shareholders will receive $1.39 per fully paid share comprising:
The Scheme Consideration, comprising $1.39 per fully paid share will be issued today to Folkestone shareholders who hold Folkestone shares on the relevant record dates above.
An application to remove Folkestone from the Official List will now be made.