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CHARTER HALL GROUP — Share Issue/Capital Change 2010
Nov 10, 2010
64645_rns_2010-11-10_733259df-12e3-430c-acf5-a6eda170981b.pdf
Share Issue/Capital Change
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MEDIA/ASX ANNOUNCEMENT
CHARTER HALL GROUP’S SECURITY CONSOLIDATION
Thursday, 11 November 2010
Charter Hall Group (ASX:CHC) today confirmed that at its Annual General Meetings held on 10 November 2010 the Group’s Securityholders approved a resolution to consolidate the Charter Hall securities on issue.
Accordingly, every four shares in Charter Hall Limited will be consolidated into one share. The units in Charter Hall Property Trust that are stapled to these shares will be consolidated in the same proportion.
Following the consolidation, the number of Stapled Securities on issue will, subject to rounding, reduce from 1,225,365,088 to approximately 306,341,000. The exact number of securities ultimately on issue will depend on the rounding of fractional amounts. Where the number of securities held by a Securityholder as a result of the consolidation includes any fraction of a security, those fractions are to be rounded up to the nearest whole number.
While the consolidation entails a reduction in the number of securities on issue, it is not a return of capital to Securityholders. Accordingly, there is no impact upon Charter Hall Group’s market capitalisation or book value of paid up capital.
In line with the consolidation timetable, outlined below, Charter Hall Group’s securities will trade on a deferred settlement basis from 12 November 2010 to 25 November 2010. During this time Charter Hall Group’s ASX code will change to CHCDA. Charter Hall Group will trade on a normal settlement basis from 26 November 2010, at which time the ASX code will revert back to CHC.
Securityholders are not required to take any action in regards to the consolidation and will be sent a new holding statement on 25 November 2010.
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The timetable in relation to the process of consolidation, as shown in page 16 of the Notice of Meetings and Explanatory Memorandum, is shown below:
| Event Date | Date |
|---|---|
| Date for determining eligibility to vote at the Meeting. | 7.00pm Monday, 8 November 2010 |
| Annual General Meeting held. | Wednesday, 10 November 2010 Day T |
| Announcement to ASX that Stapled Securityholders haveapproved consolidation. | Wednesday, 10 November 2010 Day T |
| Last day for ASX trading of ASX code: CHC on a pre-consolidation basis. | Thursday, 11 November 2010 Day T+1 |
| Trading in consolidated Stapled Securities, on a deferredsettlement basis, starts (ASX code: CHCDA). | Friday, 12 November 2010 Day T+2 |
| Last day to register CHC Stapled Security transfers on apre-consolidated basis. | Thursday, 18 November 2010 Day T+6 |
| First day to register Stapled Securities on a postconsolidated basis.CHCDA Stapled Securities consolidated. | Friday, 19 November 2010 Day T+7 |
| Last day to register Stapled Securities on a postconsolidated basis in the register of members.Announcement to ASX that dispatch of the holdingstatements has occurred (by no later than 12.00pmSydney time).CHCDA deferred settlement trading ceases. | Thursday, 25 November 2010 Day T+11 |
| Normal T+3 ASX Stapled Security trading starts (ASXcode: CHC resumes). | Friday, 26 November 2010 Day T+12 |
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For further information, please contact:
David Harrison
David Southon
Joint Managing Director Joint Managing Director Tel: +61 412 259 751 Tel: +61 418 479 155 [email protected] [email protected]
Media enquiries:
Investor enquiries:
Rachel Mornington-West
Kylie Ramsden Rachel Mornington-West Head of Listed Investor Relations Senior Communications Manager Charter Hall Charter Hall Tel: +61 2 8295 1016 Tel: +61 28908 4093 [email protected] [email protected]
About the Charter Hall Group:
Charter Hall Group is a property funds management and development company, based in Sydney with offices in Melbourne, Brisbane, Perth, Adelaide, Warsaw and Chicago. Established in 1991 and listed on the ASX in 2005 as a stapled security under the code CHC, Charter Hall Group combines Charter Hall Limited with Charter Hall Property Trust, which owns and/or manages over $10 billion in real estate assets. The Charter Hall Group has achieved a solid track record across its activities demonstrating a 19 year history of managing wholesale and retail capital, making it one of Australia’s leading property fund managers. Charter Hall’s success has been underpinned by a highly skilled and motivated management team with diverse expertise across property sectors and risk-return profiles.