By proceeding you confirm that you are a resident of Australia or New Zealand accessing this website from within Australia or New Zealand and you represent, warrant and agree that:
Charter Hall Group (“Charter Hall”) and Abacus Property Group (“Abacus”)(together “the Consortium”), announces that CHAB Office Pty Ltd (ACN 633 833 566) acting as trustee for the CHAB Office Trust (ABN 57 232 539 578) (“CHAB”) (an entity owned by the Consortium) has divested its 19.9% interest in Australian Unity Office Fund (ASX:AOF) for a total consideration of $95.6 million, equivalent to $2.95 per AOF unit.
The Consortium remains fully committed to pursuing the previously announced trust scheme pursuant to which the Consortium would acquire all units in AOF (“Scheme”).
Steven Sewell, Managing Director of Abacus, and David Harrison, Managing Director and Group CEO of Charter Hall, commented: “The Scheme provides AOF unitholders with the opportunity to receive a certain cash price for their units at a significant premium to the pre-proposal trading price of AOF units and net tangible assets. The Consortium’s decision to sell AOF units prior to the Scheme Meeting, will provide the market the best opportunity to determine the outcome of the Scheme.”
The Consortium notes that:
Charter Hall and Abacus encourage all AOF unitholders to vote in favour of the Scheme resolutions. This can be done by attending the Scheme Meeting in person (scheduled for 10am on Thursday 7 November 2019 in Melbourne) or by lodging a proxy vote by 10:00am (Melbourne Time) Tuesday, 5 November 2019.