Unitholder meeting result

17 June 2016

We are pleased to announce that on 17 June 2016, unitholders approved all resolutions at the meeting of Fund unitholders. 

The poll results of the resolutions considered at the unitholder meeting are as follows:

Resolution

For

Against

$m

%

$m

%

A

Appointment of Replacement Responsible Entity1

116.22

62.58

0.55

0.29

Resolution A was passed as an extraordinary resolution

B

Appointment of Investment Manager and Property Manager, and provision of a financial benefit to a related party

115.23

99.47

0.61

0.53

Resolution B was passed as an ordinary resolution

C

Approval of the proposal for listing

116.35

99.53

0.55

0.47

Resolution C was passed as an ordinary resolution

D

Amendments to the Constitution and provision of a financial benefit to a related party

115.99

99.38

0.72

0.62

Resolution D was passed as a special resolution

1 The results presented for Resolution A are based upon the value of total votes which may be cast by unitholders entitled to vote on Resolution A. In total 62.87% of the Fund voted of which 99.53% voted in favour of Resolution A.

As all resolutions were passed by unitholders, the Fund will list on the ASX and commence trading on a conditional and deferred settlement basis on 20 June 2016.

Withdrawal price and final result of the withdrawal offer
The withdrawal price under the withdrawal offer is $1.9552.

The total value of withdrawal requests received was $53.29 million. As this is lower than the $56.2 million made available under the withdrawal offer, all unitholders requesting a withdrawal will be paid in full.

Unit consolidation ratio
The unit consolidation ratio is 0.4165 for every one unit held by a unitholder.

Final offer size and number of units that will be on issue post-allotment
The final offer size is $152.09 million.

The number of units that will be on issue post-allotment will be 140,372,372.

Final offer price per unit and premium to the withdrawal price per unit on the allotment date
The final offer price per unit is $2.00 per unit on the allotment date, which is a $0.0448 per unit or 2.29% premium to the withdrawal price per unit.
Important information

The Fund is issued by Australian Unity Investment Real Estate Limited (AUIREL) which is owned by Australian Unity Keppel Capital Pty Ltd ABN 67 637 410 505, a joint venture company owned equally by subsidiaries of Australian Unity Limited ABN 23 087 648 888 and Keppel Capital Holdings Pte Ltd CRN 201302079N, the asset management arm of Singapore based Keppel Corporation Limited CRN 196800351N. The information on this website is general information only and is not based on the financial objectives, situations or needs of any particular investor. Past performance is not a reliable indicator of future performance.