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STOCKLAND — Capital/Financing Update 2013
Nov 20, 2013
65781_rns_2013-11-20_f460e426-fdbc-43e1-87fd-c1252f3cbaaa.pdf
Capital/Financing Update
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133 Castlereagh Street Sydney NSW 2000
T 02 9035 2000 F 02 8988 2552
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21 November 2013 ASX/Media Release
STOCKLAND GROUP CAPITAL REALLOCATION
At the Annual General Meeting of Stockland Corporation Limited and Meeting of Unitholders of Stockland Trust in Sydney on Tuesday, 29 October 2013, securityholders approved a proposal to reallocate capital from the Stockland Trust to Stockland Corporation Limited (the Company).
The Capital Reallocation Proposal was detailed in the Stockland Group Notice of Meetings, published on 25 September 2013.
Stockland Group will execute the capital reallocation in the amount of $507.3 million, as follows:
Record date: Thursday, 28 November 2013 Payment date: Friday, 29 November 2013 Despatch letter to securityholders: Friday, 6 December 2013
Unitholders are not required to provide any new capital to Stockland Group.
The Capital Reallocation will not impact on the current distribution guidance of 24 cents per Stapled Security for the current financial year, nor will it result in any change in the net tangible assets (NTA) per Stapled Security.
The number of Units and the number of Shares will remain the same following the Capital Reallocation.
The ATO issued a ruling on 6 November 2013 in relation to the tax implications of the Capital Reallocation. A copy of the ATO tax ruling is available on the Investor Centre section of the Stockland website.
Stockland
Stockland (ASX: SGP) was founded in 1952 and has grown to become Australia’s largest diversified property group – owning, developing and managing a large portfolio of shopping centres, residential communities, retirement living villages, office and industrial assets. Stockland was recognised by the S&P Dow Jones Sustainability Indicies (DJSI) as the Australian Real Estate Industry Group Leader for 2013 – 14 and was also named one of the Global 100 Most Sustainable Corporations in the World at the World Economic Forum in Davos, Switzerland in 2013, for the fourth consecutive year.
| For media enquiries | For investor enquiries | ||
|---|---|---|---|
| Greg Spears | Michelle Taylor | Ross Moffat | Annabelle Tait |
| Senior Manager - | General Manager - | Senior Manager - | Senior Analyst - |
| Media Relations | Stakeholder Relations | Investor Relations | Investor Relations |
| Stockland | Stockland | Stockland | Stockland |
| T+61 (0)2 9035 3263 | T+61 (0)2 9035 2786 | T+61 (0)2 9035 2480 | T+61 (0)2 9035 2773 |
| M+61 (0)406 315 014 | M +61 (0)400 356 692 | M+61 (0)478 344 885 | M+61 (0)424 547 887 |
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.