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GARDA PROPERTY GROUP — Capital/Financing Update 2019
Nov 18, 2019
64972_rns_2019-11-18_f71560c8-6ad4-4fee-ba0f-440f9dbc4e3b.pdf
Capital/Financing Update
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Market Announcement
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19 November 2019
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Garda Holdings Limited – Admission and Commencement of Official Quotation of Stapled Securities in Garda Property Group
Description
Garda Diversified Property Fund (the ‘Fund’) is currently admitted to the Official List of ASX Limited (‘ASX’) and trades under the ASX code GDF.
On 1 November 2019, unitholders of the Fund approved resolutions to internalise the management of the Fund, whereby each share in Garda Holdings Limited (the ‘Company’) will be stapled to each unit in the Fund, following which the new stapled entity will acquire ASX listed stapled entity Garda Capital Group (ASX Code: GCM) comprising Garda Capital Limited and Garda Capital Trust by way of scheme of arrangement under Part 5.1 of the Corporations Act 2001 (Cth) and trust scheme (the ‘Internalisation Proposal’).
After implementation of the Internalisation Proposal, each existing unitholder of the Fund and stapled securityholder of GCM will hold a new stapled security each comprising of one fully paid ordinary unit in the Fund and one fully paid ordinary share in the Company (‘Stapled Securities’).
The Company is expected to be admitted to the Official List of ASX on Wednesday, 20 November 2019 at which point the new stapled entity will trade as Garda Property Group.
Official quotation of the Stapled Securities is expected to commence on a deferred settlement basis as part of Group 3 at 10:04:30 am +/- 15 seconds AEDT on Wednesday, 20 November 2019.
Quotation information
| Quoted Securities: | 227,644,359 Stapled Securities |
|---|---|
| ASX Code: | During the deferred settlement trading period: GDFDA |
| It is expected that the Stapled Securities’ ASX code will revert to GDF on 2 | |
| December 2019, with the commencement of normal (T+2) trading. | |
| Time: | 10:04:30 am +/- 15 seconds AEDT |
| Date: | Wednesday, 20 November 2019 |
| ASX Trade Abbreviation: | GARDAPRGRP |
| ISIN: | During the deferred settlement trading period the ISIN of the Stapled |
| Securities will be: AU0000063547 | |
| At the commencement of normal (T+2) trading the ISIN will return to: | |
| AU000000GDF3 | |
| Home Branch: | Sydney |
| Industry Classification: | Pending |
| Registered Office: | Garda Holdings Limited |
| Address: Level 21, 12 Creek Street, Brisbane QLD 4000 | |
| Phone: (07) 3002 5300 | |
| Email: [email protected] | |
| Company Secretary: | Lachlan Davidson |
Market Announcement 1/2 ASX Customer Service Centre 131 279 | asx.com.au
19 November 2019 ASX Limited
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| Share Registry: | Link Market Services Limited |
|---|---|
| Address: Level 21, 10 Eagle Street, Brisbane QLD 4000 | |
| Phone: 1300 554 474 | |
| Email: [email protected] | |
| Balance Date: | 30 June |
| CHESS: | Participating. CHESS and Issuer Sponsored. |
| Place of Incorporation: | Queensland |
| Dividend Policy: | See section 6.6 on page 24 of the prospectus dated 4 October 2019 |
| Activities: | Real estate investment and funds management |
| Lead Manager: | N/A |
| Underwriter: | N/A |
| Other Securities Not Quoted: | N/A |
The indicative timetable in relation to the Internalisation Proposal is as follows.
| Indicative Date | Event |
|---|---|
| Tuesday, 19 November 2019 | Last day for trading of existing Fund units on ASX (ASX Code: GDF) |
| Wednesday, 20 November 2019 | The Company admitted to the Official List of ASX |
| Trading commences in Stapled Securities on a deferred settlement basis | |
| from 10:04:30 am (+/- 15 seconds) AEDT (ASX Code: GDFDA) | |
| Thursday, 21 November 2019 | Record Date for determining entitlement to receive distribution of shares |
| in the Company | |
| Friday, 29 November 2019 | Implementation date of Internalisation Proposal |
| Last day of deferred settlement trading in Stapled Securities (ASX Code: | |
| GDFDA) | |
| Monday, 2 December 2019 | Trading commences in Stapled Securities on a normal (T+2) basis (ASX |
| Code: GDF) |
What do I need to do and by when?
Please refer to the Company’s Prospectus.
Need more information?
For further information, please call the Information Line on 1300 889 100 between 8:30 am and 5:00 pm Monday to Friday.
Disclaimer
Please refer to the following disclaimer.
Issued by
Elvis Onyura
Senior Adviser, Listings Compliance (Sydney)
Market Announcement 2/2
19 November 2019