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MIRVAC GROUP — Capital/Financing Update 2010
Aug 1, 2010
65328_rns_2010-08-01_42aa79dc-f23f-4640-af30-c4b712d5d9b0.pdf
Capital/Financing Update
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Westpac Funds Level 16, 90 Collins Street Management Limited Melbourne VIC 3000 Australia ABN 28 085 352 405 T +61 3 8650 3600 AFSL No. 233718 F +61 3 8650 3701 www.westpacfunds.com.au
Total pages: 1
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ASX Announcement
Westpac Office Trust (WOT)
2 August 2010
Trust Scheme: demand for cash option, and scale back
The record date for determining eligibility to participate in the trust scheme under which Mirvac Group (" Mirvac ") (ASX:MGR) will acquire all units in Westpac Office Trust was at 7pm on 30 July 2010. Westpac Funds Management Limited as responsible entity of the Westpac Office Trust (" WOT ") (ASX:WOT) confirms that aggregate demand for the cash option (as described in the 16 June 2010 explanatory memorandum in respect of the scheme) has exceeded AUD$200 million. As a result each scheme participant will receive approximately 74.72% of their scheme consideration in cash and will receive the balance of their scheme consideration in stapled securities in Mirvac or in cash under the sale facility, depending on their election.
The scheme is scheduled to be implemented on 4 August 2010.
Consideration under the trust scheme in the form of scrip (under the Scrip Option ), cash (under the Cash Option ) or the proceeds of a sale facility will be despatched or paid to scheme participants as follows:
| Event | Latest Date |
|---|---|
| Latest date for despatch of holding statements for Mirvacstapled securities under the Scrip Option | Monday, 9 August 2010 |
| Latest date for payment under the Cash Option | Monday, 9 August 2010 |
| Latest date for payment under the sale facility | Wednesday, 18 August 2010 |
For further enquiries, please contact:
| For further enquiries, please contact: | ||
|---|---|---|
| Keith Grayson | Amy Tippett | |
| Fund Manager | Associate Director, Investor Relations | |
| Westpac Funds Management Limited | Westpac | Funds Management Limited |
| Tel:+61 2 9287 8728 | Tel: | +61 2 9287 8726 |
| Fax:+61 2 9287 8801 | Fax: | +61 2 9287 8801 |
| Email:[email protected]Website: www.westpacfunds.com.au | Email:Website: | [email protected]www.westpacfunds.com.au |
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Jane Frawley Company Secretary
Westpac Funds Management Limited ABN 28 085 352 405, Australian Financial Services Licence No. 233718 (“WFML”), carries on a financial services business that includes the operation of a number of managed investment schemes. An investment in any WFML scheme is not a deposit with or any other liability of Westpac Banking Corporation ABN 33 007 457 141 or any other company in the Westpac group of companies. It is subject to investment risk, including delays in repayment or loss of income and principal invested. None of Westpac Banking Corporation or its related entities stands behind or otherwise guarantees the capital value or investment performance of any part of WFML’s financial service business, other than as specifically stated in the documentation for a financial product.