Charter Hall Long WALE REIT - ALE Property Group (ASX:LEP) Schemes implemented
Share this page
LINKEDIN
FACEBOOK
TWITTER
EMAIL
2 mins
Share
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:
- you are not in the United States or a “U.S. person”, as defined in Regulation S under the U.S. Securities Act of 1933, as amended (“U.S. Person”), nor are you acting for the account or benefit of a U.S. Person;
- you will not make a copy of the documents on this website available to, or distribute a copy of such documents to, or for the account or benefit of, any U.S. Person or any person in any other place in which, or to any other person to whom, it would be unlawful to do so; and
- the state, territory or province and postcode provided by you below for your primary residence in Australia or New Zealand are true and accurate.
Unfortunately, legal restrictions prevent us from allowing you access to this website. If you have any questions, please contact us by e-mail by clicking on the link below.
Charter Hall Long WALE REIT (ASX: CLW) is pleased to announce that the 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 today been implemented.
This follows the approval of the schemes by the Supreme Court of New South Wales on 7 December 2021 and approval of the scheme resolutions at the scheme meetings held on 2 December 2021.
The scheme consideration, which comprises a mix of cash and CLW securities, has been paid and issued to LEP scheme securityholders today depending on their election or deemed election, as set out below1:
| Election type | Consideration per LEP security |
| Mixed consideration | $3.673 cash and 0.4080 CLW securities per LEP security |
| Maximum scrip consideration | $1.1546 CLW securities per LEP security |
| Maximum cash consideration | $4.038 cash and 0.3339 CLW securities per LEP security |
The market value of CLW securities received by LEP scheme securityholders is $5.1754 per CLW security, based on the 1-day volume weighted average price of CLW securities on 17 December 2021 (being the implementation date).
Announcement Authorised by the Company Secretary
1 LEP scheme securityholders who are ‘ineligible foreign securityholders’ will have any CLW securities they would otherwise have received issued to the sale agent who will sell those securities on their behalf (and remit the proceeds). For more information, please refer to LEP’s scheme booklet.
Click here to view the ASX Announcement
Related News
.tmb-news.jpg?Culture=en&sfvrsn=410360ec_1 "ASX Announcement")
Charter Hall Group - Notice of 2023 Annual General Meeting of Securityholders and Explanatory Memorandum
Read more.tmb-news.jpg?Culture=en&sfvrsn=2e7e2809_1 "ASX Announcement")
Charter Hall Retail REIT - Notice of 2023 Annual General Meeting of Unitholders and Explanatory Memorandum
Read morec04cf533418b45a2a0142e5da4e32aff.tmb-news.jpg?Culture=en&sfvrsn=6ed9caa5_1 "ASX Announcement")
Charter Hall Long WALE REIT - Notice of Annual 2023 General Meeting and Explanatory Memorandum
Read moreTalk to us
Thanks for your interest in Charter Hall. Fill in your details below and we’ll get back to you as soon as possible.
I am interested in
Enquiry
*Indicates that this field is required.
All personal information submitted will be treated in accordance with our privacy policy.
By registering and/or submitting personal data to Charter Hall, you agree that, where it is permitted by law and in accordance with our Privacy Statement or where you have agreed to receive communications from us, Charter Hall may use this information to notify you of our products and services and seek your feedback on our products and services. Please note you can manually opt out of any communications.
Talk to us
Thanks for your interest in Charter Hall. Fill in your details below and we’ll get back to you as soon as possible.
I am interested in
Enquiry
*Indicates that this field is required.
All personal information submitted will be treated in accordance with our privacy policy.
By registering and/or submitting personal data to Charter Hall, you agree that, where it is permitted by law and in accordance with our Privacy Statement or where you have agreed to receive communications from us, Charter Hall may use this information to notify you of our products and services and seek your feedback on our products and services. Please note you can manually opt out of any communications.
-
© Charter Hall Group, 2024.
- Terms of Use
- Privacy Policy
- Complaints Guide
- Feedback
