AUSTRALAND PROPERTY GROUP 1 Homebush Bay Drive
Building C, Level 3
Rhodes NSW 2138
13 August 2014
Notification of Redemption of ASSETS02 9767 2000
PO Box 3307
Rhodes NSW 2138
australand.com.au
Australand Property Limited ("APL"), as responsible entity of Australand ASSETS Trust advises the market that Australand Subordinated Step-Up Exchangeable Trust Securities ("ASSETS") are to be redeemed.
The decision to redeem ASSETS follows the announcement by Frasers Amethyst Pte. Ltd. ("Frasers")
on 7 August 2014 that it had acquired a relevant interest in more than 50% of all of the stapled securities of Australand Property Group and its off-market takeover offer for Australand Property Group was unconditional.
Attached to this announcement is the Notice of Change of Control Event as required by the ASSETS
terms.
APL intends to redeem ASSETS in accordance with the following timetable:
Event | Date |
Giving of Issuer Realisation Notice | On or about Wednesday, 3 September 2014 |
Quotation of ASSETS on ASX ends | Friday, 5 September 2014 |
Record Date for Redemption | 5.00pm (Sydney time) Friday, 12 September 2014 |
Realisation Date | Friday, 12 September 2014 |
On the basis that the redemption of all ASSETS takes place in accordance with the timetable above, ASSETS holders will receive $101.5155 per ASSETS which represents $100 face value plus accrued distributions of $1.5155 to the redemption date of 12 September 2014.
ASSETS holders are not required to take any action in respect of the redemption of ASSETS.
Issued by
Bev Booker
Group Company Secretary
T +61 2 9767 2000
E bbooker@australand.com.au
Australand Holdings Limited ABN 12 008 443 696 Australand Property Limited ABN 90 105 462 137 AFSL 231130 as responsible entity of Australand Property Trust ARSN 106 680 424 and Australand ASSETS Trust ARSN 115 338 513
Australand Investments Limited ABN 12 086 673 092 AFSL 228837 as responsible entity of Australand Property Trust
No.4 ARSN 108 254 413 and Australand Property Trust No.5 ARSN 108 254 771
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1 Homebush Bay Drive
Building C, Level 3
Rhodes NSW 2138
13 August 2014
02 9767 2000
PO Box 3307
Rhodes NSW 2138
australand.com.au
AUSTRALAND ASSETS TRUST NOTIFICATION OF CHANGE OF CONTROL EVENTAustraland Property Limited (ABN 90 105 462 137, AFSL No. 231130), as responsible entity of Australand ASSETS Trust (ARSN 115 338 513), hereby notifies ASSETS holders that, following the announcement by Frasers Amethyst Pte. Ltd. on 7 August
2014 that it has acquired a relevant interest in more than 50% of all of the stapled securities of Australand Property Group and its off-market takeover offer for Australand Property Group is now unconditional, a Change of Control Event1 has occurred.
1 As defined in the terms and conditions of issue of ASSETS.
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