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BLACKWALL LIMITED — Capital/Financing Update 2021
Feb 4, 2021
64590_rns_2021-02-04_fff245d0-16e0-4739-b346-c04a2d923828.pdf
Capital/Financing Update
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5 February 2021
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ASX Announcement
SUPREME COURT OF NSW APPROVES STAPLING
The Board of BlackWall Fund Services Limited as responsible entity of the BlackWall Property Trust (ASX:BWR) is pleased to advise that the Supreme Court of New South Wales has today made orders approving the scheme of arrangement and provided judicial advice in relation to the implementation of the proposed stapling between BWR, WOTSO Limited and Planloc Limited. The newly stapled entity will trade as WOTSO Property under the ticker 'WOT'.
It is expected that a copy of the Court Orders will be lodged with the Australian Securities and Investments Commission on Monday 8 February 2021, at which time the Scheme will become legally effective. If this occurs, BWR Units will be suspended from trading on the ASX after market close on Monday 8 February 2021.
Issue of Stapled Securities and Implementation
BWR Unitholders who hold BWR Units on the Record Date (currently proposed to be 10 February 2021) will be entitled to receive 1 WOT stapled security for every 1 BWR Unit held on the Record Date.
All conditions for the proposed stapling to proceed have now been satisfied and implementation is expected to be completed on 17 February 2021.
Confirmation of timetable
The expected timetable for the remaining key dates in relation to the proposed stapling are set out below.
| Date | Event |
|---|---|
| 8 February 2021 | Last day of trading and suspension of BWR Units on ASXSuspension of transfers of WOTSO Shares |
| 8 February 2021 | Effective Date– Court Order lodged with ASIC |
| 9 February 2021 | Stapled security commences trading on a deferred settlement basis underthe name ‘WOTSO Prop’ and the ticker ‘ASX:BWRDB’ |
| 10 February 2021 | Planloc Share Split and WOTSO Share Consolidation completed |
| 5.00pm (AEDT) on10 February 2021 | Scheme Record Datefor determining entitlements to newly issued BWRUnits and Planloc Shares |
| By 17 February 2021 | Planloc Share Transfer completed |
| 17 February 2021 | Implementation Date– BWR Units and Planloc Shares issued to WOTSOShareholders. WOTSO Shares issued to BWR Unitholders. |
| 17 February 2021 | Last day of deferred settlement trading under the ticker ‘BWRDB’ |
BLACKWALL LIMITED (ASX:BWF) ABN 37 146 935 131 BLACKWALL PROPERTY TRUST (ASX:BWR) ABN 68 450 446 692 50 Yeo Street, Neutral Bay, NSW 2089 Australia | PO Box 612, Neutral Bay, NSW 2089 Australia Tel +61 2 9033 8611 | [email protected] | www.blackwall.com.au
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| Date | Event |
|---|---|
| 18 February 2021 | Quotation– WOTSO Property commences quotation on the ASX on a |
| normal settlement basis (named ‘WOTSO Prop’ and with ticker ‘BWR’) | |
| ASX actions name change to ‘WOTSO Property’ and ticker change to ‘WOT’ | |
| 19 February 2021 | First day of trading of stapled securities under the new name, ‘WOTSO |
| Property’, and new ticker, ‘WOT’ |
Capitalised terms used but not defined in this announcement have the meaning given to them in the BWR Notice of Meeting.
For further information please contact:
Jessie Glew (Joint Managing Director & COO) on 0438 691 538 or [email protected] Tim Brown (Joint Managing Director & CFO) on 0416 925 376 or [email protected]
Authorised for lodgement by Alex Whitelum, Company Secretary
BLACKWALL LIMITED (ASX:BWF) ABN 37 146 935 131 BLACKWALL PROPERTY TRUST (ASX:BWR) ABN 68 450 446 692 50 Yeo Street, Neutral Bay, NSW 2089 Australia | PO Box 612, Neutral Bay, NSW 2089 Australia Tel +61 2 9033 8611 | [email protected] | www.blackwall.com.au