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GPT GROUP — Capital/Financing Update 2009
May 7, 2009
65009_rns_2009-05-07_b97042f6-5b40-4b07-a276-b5c4957c5db2.pdf
Capital/Financing Update
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133 Castlereagh Street T 02 9035 2000 Sydney NSW 2000 F 02 8988 2000
==> picture [72 x 72] intentionally omitted <==
7 May 2009 ASX/Media Release
STOCKLAND TO MAINTAIN INTEREST IN GPT
Stockland will maintain its economic interest in GPT through participation in GPT’s 1 for 1 pro-rata entitlement offer at 35 cents per security.
Stockland currently has exposure to 12.7% of GPT through off-balance sheet derivatives.
Stockland will enter into additional off balance sheet equity derivatives to maintain its economic exposure. Stockland’s estimated undrawn committed debt facilities as at 30 June 2009 of $0.7 billion remain unchanged.
| For media enquiries contact | For investor enquiries contact | ||
|---|---|---|---|
| Karyn Munsie | Katie Lennon | Karyn Munsie | Joanne Trimboli |
| EGM – Corporate Affairs | Media Relations Manager | EGM – Corporate Affairs | Investor Relations Manager |
| Stockland | Stockland | Stockland | Stockland |
| T+61 (0)2 9035 2180 | T+61 (0)2 9035 2552 | T+61 (0)2 9035 2180 | T+61 (0)2 9035 2553 |
| M+61 (0)421 050 430 | M+61 (0)406 316 907 | M+61 (0)421 050 430 | M+61 (0)403 972 736 |
Stockland Corporation Ltd ACN 000 181 733 Stockland Trust Management Ltd ACN 001 900 741 AFSL 241190 As Responsible Entity for Stockland Trust ARSN 092 897 348.
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