AOF Unitholder Meeting convened for proposed acquisition of AOFright-arrow
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by Charter Hall Announcements

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Abacus Property Group (“Abacus”) and Charter Hall Group (“Charter Hall”) (together “the Consortium”), welcome the announcement today by Australian Unity Office Fund (ASX: AOF) in relation to the Consortium’s proposed acquisition of AOF by way of a trust scheme (“Scheme”). AOF announced earlier today that the Supreme Court of Victoria has made orders convening a meeting of AOF unitholders to consider and vote on resolutions to effect the Scheme. 

The meeting of AOF unitholders will take place at 10.00am AEDT on Thursday, 7 November 2019 at the Ground Floor, 271 Spring Street, Melbourne, Victoria 3000.

The Independent Directors of AOF’s Responsible Entity have unanimously recommended that AOF unitholders vote in favour of the Scheme in the absence of a superior proposal. Reasons for this recommendation are contained in an Explanatory Memorandum which was released today and is expected to be despatched to AOF unitholders on or around 11 October 2019.

The Explanatory Memorandum also includes an Independent Expert’s Report prepared by Deloitte Corporate Finance which has concluded that the Scheme consideration of $3.04 cash per AOF unit is, fair and reasonable, and in the best interests of, AOF unitholders. If the Scheme is approved by AOF unitholders and all other conditions precedent to the Scheme are satisfied, the Scheme is expected to be implemented on 22 November 2019. The Consortium retained J.P. Morgan Securities Australia Limited as financial adviser and Allens as legal adviser in relation to the Scheme.

 

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