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Charter Hall Long WALE REIT (ASX: CLW) notes that ALE Property Group (ASX: LEP) held scheme meetings today in relation to the proposed acquisition of LEP by a Charter Hall Group managed consortium comprising CLW and Hostplus via schemes of arrangement (Schemes), as previously announced to the ASX on 20 September 2021.
LEP has announced that the scheme resolutions were passed, with each resolution being supported by at least 96.7% of the votes cast by LEP securityholders at the scheme meetings.
CLW and its partner, Hostplus, are pleased to secure this overwhelming support from LEP securityholders and now await approval of the Schemes by the Court. If approved by the Court, the Schemes are expected to become effective on Wednesday, 8 December 2021. The record date for the Schemes is expected to be Monday, 13 December 2021, with implementation expected to occur shortly thereafter on Friday, 17 December 2021.
Announcement Authorised by the Chair
Click here to view the ASX Announcement