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DEXUS — Capital/Financing Update 2021
Jun 28, 2021
64807_rns_2021-06-28_b7c4fe3d-ee89-4860-b8d4-f919e1a19f58.pdf
Capital/Financing Update
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Market Announcement
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29 June 2021
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Dexus (ASX: DXS) – Admission of Dexus Property Trust to the Official List and Commencement of Official Quotation of Stapled Securities
Description
Dexus (‘DXS’) is a stapled entity, with each stapled security currently comprising a unit in each of Dexus Operations Trust (‘DXO’), Dexus Diversified Trust (‘DDF’), Dexus Industrial Trust (‘DIT’) and Dexus Office Trust (‘DOT’). DXS is currently admitted to the Official List of ASX Limited (‘ASX’) and it’s fully paid stapled securities trade under the ASX code DXS.
On 22 June 2021, DXS announced that it intended to implement a restructure approved by members on 22 April 2021 (the ‘Simplification’). The Simplification involves “top-hatting” each of DDF, DIT and DOT with a newly established trust called Dexus Property Trust (“DPT”) to form a dual stapled group comprising DXO and DPT.
Security holders need take no action to effect the Simplification. DXS stapled security holders will hold the same number of stapled securities in the restructured DXS as they held immediately prior to the Simplification.
Subject to compliance with ASX Limited (‘ASX’) admission conditions, it is anticipated that DPT will be admitted to the Official List of ASX on Thursday, 1 July 2021.
Official quotation of DXS stapled securities comprising one unit in DXO and one unit in DPT is expected to commence trading on a deferred settlement basis as part of Group 2 at 10:02:15 am (+/- 15 seconds) AEST on Thursday, 1 July 2021.
Quotation information
| Quotation information | |
|---|---|
| Quoted Securities: | 1,075,565,246 Stapled Securities |
| ASX Code: | During the deferred settlement trading period: (ASX: DXSDB) |
| It is expected that the Stapled Securities’ ASX code will revert to DXS on 7 | |
| July 2021, with the commencement of normal (T+2) trading | |
| Time: | 10:02:15 am (+ / - 15 seconds) (AEST) |
| Date: | Thursday, 1 July 2021 |
| ASX Trade Abbreviation: | DEXUS |
| ISIN: | During the deferred settlement trading period the ISIN of the Stapled |
| Securities will be: AU0000159444 | |
| At the commencement of normal (T+2) trading the ISIN will return to: | |
| AU000000DXS1 | |
| Home Branch: | Sydney |
| Registered Office: | Dexus Funds Management Limited |
| Address: Level 25, Australia Square, 264-278 George Street, Sydney NSW | |
| Phone: +61 2 9017 1100 | |
| Email: [email protected] |
Market Announcement 1/3
29 June 2021 ASX Limited
ASX Customer Service Centre 131 279 | asx.com.au
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| Company Secretary: | Brett Cameron, General Counsel and Company Secretary |
|---|---|
| Scott Mahony, Company Secretary | |
| Share Registry: | Link Market Service Limited |
| Address: Level 12, 680 George Street Sydney NSW 2000 | |
| Phone: +61 2 8280 7100 | |
| Email: [email protected]; | |
| [email protected] | |
| Balance Date: | 30 June |
| CHESS: | Participating. CHESS and Issuer Sponsored. |
| Place of Establishment: | New South Wales |
| Distribution Policy: | See section 4.7 e. of the Explanatory Memorandum dated 23 March 2021 |
| (the ‘Explanatory Memorandum’) | |
| Activities: | Together with Dexus Operations Trust (‘DXO’), DPT will form a stapled |
| group that will continue Dexus’ (ASX: DSX) business of managing, | |
| developing and transacting high-quality portfolio properties located in | |
| Australia. | |
| Other Securities Not Quoted: | Notes with an aggregate face value of $425 million exchangeable into fully |
| paid stapled securities |
The indicative timetable in relation to the Restructure is as follows.
| Indicative Date | Event |
|---|---|
| Wednesday, 30 June 2021 | Last day for trading of existing Dexus stapled securities on ASX prior to the |
| Simplification (ASX: DXS) | |
| Thursday, 1 July 2021 | Admission of DPT to official list |
| Trading commences in new stapled securities on a deferred settlement | |
| basis (ASX: DXSDB) | |
| Friday, 2 July 2021 | Record Date for the Simplification |
| Tuesday, 6 July 2021 | Implementation of the Simplification |
| Despatch of holding statements for new stapled securities | |
| Last day of deferred settlement trading in new stapled securities (ASX: | |
| DXSDB) | |
| Wednesday, 7 July 2021 | Trading commences in new stapled securities on a normal (T+2) basis |
| (ASX: DXS) | |
| Thursday, 8 July 2021 | Expected removal of DDF, DIT and DOT from the official list of ASX |
| Friday, 9 July 2021 | Settlement of trades conducted on a deferred settlement basis |
What do I need to do and by when?
Please refer to DXS’s Explanatory Memorandum.
Market Announcement 2/3
29 June 2021
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Need more information?
For further information, please call the Dexus Property Group information line on +61 1800 819 675.
Disclaimer
Please refer to the following disclaimer.
Issued by
Adrian Smythe
Manager, Listings Compliance (Sydney)
Market Announcement 3/3
29 June 2021