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BLACKWALL LIMITED — Capital/Financing Update 2019
Apr 17, 2019
64590_rns_2019-04-17_de69454d-ddb2-4f86-9301-bf548f3224f1.pdf
Capital/Financing Update
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18 April 2019
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ASX Release
Bakehouse Quarter Sale Settled
As previously announced, settlement of the $380 million sale of the Bakehouse Quarter by Kirela Development Unit Trust to YUHU Group was scheduled to occur on a date no later than 18 April 2019.
BlackWall announces that settlement of the sale has now occurred with the balance of the purchase price being paid today.
The BWR and BWF restructure transactions referred to in each respective December 2018 half year report will proceed to investor approval at General Meetings to be held on 10 May 2019. As the Bakehouse Quarter sale has completed, the Condition Precedent in each of the BWR and BWF Notices of Meeting lodged with ASX on 8 April 2019 is now satisfied. Following investor approval at the General Meetings, the transactions described in those Notices are expected to be completed at or around the end of May 2019.
For further information please contact:
Stuart Brown (CEO) on 0413 921 570 or [email protected] Tim Brown (CFO) on 0416 925 376 or [email protected]
BLACKWALL LIMITED (ASX Code: BWF) ABN 37 146 935 131
BLACKWALL PROPERTY TRUST (ASX Code: BWR) ABN 68 450 446 692
50 Yeo Street, Neutral Bay, Sydney NSW 2089 Australia | PO Box 612, Neutral Bay, Sydney NSW 2089 Australia | Tel +61 2 9033 8611 | Fax +61 2 9033 8600 | www.blackwall.com.au