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DEXUS — M&A Activity 2014
Mar 9, 2014
64807_rns_2014-03-09_76182c92-2e1d-4ebd-b343-cb6db7afac58.pdf
M&A Activity
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----- Start of picture text ----- DEXUS Property Group (ASX: DXS)ASX release----- End of picture text -----
10 March 2014
Close of DEXUS Offer
DEXUS Funds Management Limited (“DEXUS”) in its capacity as trustee of DEXUS Office Trust Australia refers to the takeover bid (“DEXUS Offer”) it made on behalf of DEXUS Property Group and the Canada Pension Plan Investment Board for all of the Units in the Commonwealth Property Office Fund (“CPA”).
DEXUS announces that at 7:00pm on Friday, 7 March 2014 the DEXUS Offer closed in accordance with its terms. DEXUS currently has voting power in 94.82% of CPA. This includes the CPA Units acquired as a result of acceptances under the DEXUS Offer amounting to 1,874,821,651 CPA Units (79.88% of CPA Units on issue).
On 3 March 2014, DEXUS lodged a compulsory acquisition notice with ASIC and ASX. That notice was despatched to CPA Unitholders on 4 March 2014. It is currently expected that compulsory acquisition will be completed by no later than 17 April 2014.
| DEXUS | DEXUS | ||
|---|---|---|---|
| Investor queries | Media queries | ||
| David Yates | T: +61 2 9017 1424 | Louise Murray | T: +61 2 9017 1446 |
| M: +61 418 861 047 | M: +61 403 260 754 | ||
| E: [email protected] | E: [email protected] | ||
| CPPIB | CPPIB | ||
| Media queries | Media queries | ||
| Canada | T: +1 416 868 8695 | Australia | T: +61 2 8284 9990 |
| Linda Sims | E: [email protected] | Nigel Kassulke, | M: +61 407 904874 |
| Cannings | E: [email protected] |
About DEXUS
DEXUS Property Group (DEXUS) is one of Australia’s leading real estate groups, investing directly in high quality Australian office and industrial properties. With $17.3 billion of assets under management, DEXUS also actively manages office, industrial and retail properties located in key Australian markets on behalf of third party capital partners. DEXUS manages an office portfolio of 1.4 million square metres across Sydney, Melbourne, Brisbane and Perth and is the largest institutional owner of office buildings in the Sydney CBD, Australia’s largest office market. DEXUS is a Top 50 entity by market capitalisation listed on the Australian Securities Exchange under the stock market trading code ‘DXS’ and is supported by more than 25,000 investors from 22 countries. With nearly 30 years of expertise in property investment, development and asset management, DEXUS has a proven track record in capital and risk management, providing service excellence to tenants and delivering superior risk-adjusted returns to investors. www.dexus.com
Download the DEXUS IR app to your preferred mobile device to gain instant access to the latest stock price, ASX Announcements, presentations, reports, webcasts and more.
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DEXUS Funds Management Ltd ABN 24 060 920 783, AFSL 238163, as Responsible Entity for DEXUS Property Group (ASX: DXS)
About Canada Pension Plan Investment Board
Canada Pension Plan Investment Board (CPPIB) is a professional investment management organization that invests the funds not needed by the Canada Pension Plan (CPP) to pay current benefits on behalf of 18 million Canadian contributors and beneficiaries. In order to build a diversified portfolio of CPP assets, CPPIB invests in public equities, private equities, real estate, infrastructure and fixed income instruments. Headquartered in Toronto, with offices in London, Hong Kong and New York City, CPPIB is governed and managed independently of the Canada Pension Plan and at arm's length from governments. At September 30, 2013, the CPP Fund totalled C$192.8 billion of which C$22.0 billion represents real estate investments. For more information about CPPIB, please visit www.cppib.com
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