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Charter Hall Group (“Charter Hall”) and Abacus Property Group (“Abacus”) (together “the Consortium”), refers to its previously announced proposal, pursuant to which CHAB Office Pty Limited acting as trustee for the CHAB Office Trust (“CHAB”) (an entity owned by the Consortium) would acquire all of the units in Australian Unity Office Fund (ASX: AOF) by way of a trust scheme (“Scheme”).
The Consortium notes that at the AOF unitholder Scheme meeting today, the Scheme resolutions were not passed by the requisite majorities and therefore CHAB’s acquisition of AOF will not be proceeding.
Steven Sewell, Managing Director of Abacus, and David Harrison, Managing Director and Group CEO of Charter Hall, commented:
“It is disappointing that, despite over 60% of eligible votes cast being in favour of the resolutions, the Scheme will not proceed and AOF unitholders have lost the opportunity to receive $3.04 per unit cash consideration.”