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Charter Hall Long WALE REIT (ASX: CLW) notes that ALE Property Group (ASX: LEP) schemes of arrangement in relation to the proposed acquisition of LEP by a Charter Hall Group managed consortium comprising CLW and Hostplus have now been approved by the Supreme Court of New South Wales. This follows the approval of the scheme resolutions at the LEP scheme meetings held on 2 December 2021.
LEP has today lodged copies of the orders made by the Supreme Court of New South Wales and the executed Supplemental Deed to amend the constitution of ALE Trust with the Australian Securities and Investments Commission, meaning that the schemes are now effective. The expected record date for the schemes will be Monday, 13 December 2021, with the expected implementation date to be on Friday, 17 December 2021.
Announcement Authorised by the Fund Manager
Click here to view the ASX Announcement