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GOODMAN GROUP — Capital/Financing Update 2011
Mar 6, 2011
64998_rns_2011-03-06_2ec3744b-812f-4bce-a665-71bf8c10245e.pdf
Capital/Financing Update
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Goodman Trust Australia: IIF Exchangeable Notes
Date 7 March 2011 Release Immediate
Further to Goodman Trust Australia’s statements in the ING Industrial Fund Explanatory Memorandum, GTA has received requests to clarify GTA’s position in relation to the IIF Exchangeable Notes from certain large holders of the notes in anticipation of the change of control of IIF. GTA confirms that in the event that the IIF Scheme is successfully implemented, GTA or a related entity will accept offers to purchase Exchangeable Notes at 97% of face value plus accrued interest provided that the offers are received by 8 April 2011. The discount to their face value reflects the increased certainty and time value of money by accelerating the repayment relative to the existing expiry profile.
Subject to meeting any regulatory requirements, this opportunity will be extended to all holders of Exchangeable Notes and payment made within a month of the expected implementation of the IIF Scheme on 29 March 2011.
For further information, please contact Goodman:
Greg Goodman Group Chief Executive Officer Tel +61 2 9230 7400
About Goodman : Goodman owns, develops and manages industrial property and business space globally. It is the largest industrial property group listed on the Australian Securities Exchange and one of the largest in the world, with offices across Asia Pacific, UK and Europe. At the core of the Group’s success is its integrated customer service model, which reflects the organisation’s commitment to creating long-term customer relationships.
Level 10, 60 Castlereagh Street, Sydney NSW 2000 | GPO Box 4703, Sydney NSW 2001 Australia Tel +61 2 9230 7400 | Fax +61 2 9230 7444 | [email protected] | www.goodman.com Goodman Limited ABN 69 000 123 071 Goodman Funds Management Limited ABN 48 067 796 641 AFSL Number 223621 as responsible entity of Goodman Industrial Trust ARSN 091 213 839