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CHARTER HALL GROUP — Capital/Financing Update 2012
Jun 17, 2012
64645_rns_2012-06-17_cec21071-904c-477a-9c19-4a29ac6c5ff7.pdf
Capital/Financing Update
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ASX/MEDIA ANNOUNCEMENT
CHARTER HALL GROUP CAPITAL REALLOCATION
Monday, 18 June 2012
At the Charter Hall Group (ASX:CHC) (CHC) 2011 Annual General Meeting held on 24 November 2011, securityholders of CHC approved a capital reallocation proposal which involved the reallocation of up to $200 million of the capital of Charter Hall Property Trust (CHPT) to Charter Hall Limited (CHL). The Capital Reallocation Proposal was set out in the CHC Notice of 2011 Annual General Meeting and Explanatory Memorandum dated 25 October 2011.
CHC will implement the capital reallocation as follows:
| Record date: | 29 June 2012 |
|---|---|
| Payment date: | 30 June 2012 |
| Dispatch of letter to security holders: | 12 July 2012 |
We remain satisfied that the capital reallocation proposal is fair and reasonable to all CHPT unitholders as a whole and does not materially prejudice CHPT’s ability to pay its creditors. CHC security holders will not receive any cash as part of the capital reallocation, and the distribution will be paid to CHL as an additional capital contribution (in accordance with the constitutions of CHPT and CHL).
The amount of the reallocation distribution will be $200 million.
The new NTA split for CHC securities will be provided on the Group’s website at www.charterhall.com.au once available post 30 June 2012.
For further information, please contact:
| David Harrison | David Southon |
|---|---|
| Joint Managing Director | Joint Managing Director |
| Tel: +61 2 8908 4033 | Tel: +61 2 8908 4025 |
| [email protected] | [email protected] |
| Investor enquiries: | Media enquiries: |
| Kylie Ramsden | Rachel Mornington-West |
| Head of Listed Investor Relations | Head of Marketing and Communications |
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Tel: +61 2 8295 1016
Tel: +61 2 8908 4093
- rachel.mornington [email protected]
About the Charter Hall Group:
Charter Hall Group (ASX:CHC) (Charter Hall Limited ABN 57 113 531 150; Charter Hall Funds Management Limited ABN 31 082 991 786; Charter Hall Property Trust ARSN 113 339 147) is one of Australia’s leading fully integrated property groups, with over 20 years’ experience managing high quality property on behalf of institutional, wholesale and retail clients. Charter Hall has circa $9 billion of funds under management across the office, retail, industrial and residential sectors. The Group has offices in Sydney, Melbourne, Brisbane, Adelaide and Perth.
The Group’s success is underpinned by a highly skilled and motivated team with diverse expertise across property sectors and risk-return profiles. Sustainability is a key element of its business approach and by ensuring its actions are commercially sound and make a difference to its people, customers and the environment, Charter Hall can make a positive impact for its investors, the community and the Group.
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