NEXTDC Limited (ASX: NXT) (“NEXTDC” or “the Company”) advises...

NEXTDC Limited (ASX: NXT) (“NEXTDC” or “the Company”) advises that it has received and rejected a new pre-emptive first right of refusal offer of $265 million from Asia Pacific Data Centre Group (ASX: AJD or “APDC”) in relation to the purchase of the three data centres owned by the APDC Trust (“the Portfolio”). Previously, NEXTDC rejected the APDC Trust’s pre-emptive first right of refusal offer of $300 million for the Portfolio on 28 December 2017. The Company also rejected the APDC Trust’s pre-emptive offer of $280 million on 15 February 2018. At the time, APDC claimed this offer was supported by an actual third-party bidder1 . However, this undisclosed bidder subsequently withdrew its offer2 . On this latest occasion, NEXTDC notes the absence of any announced agreement relating to the Portfolio with any third-party bidder. NEXTDC further notes that the pre-emptive offer price of $265 million represents a significant discount to the $280 million valuation determined by the 360 Capital (ASX:TGP) controlled APDC Board for the purposes of its 31 December statutory financial report. In the meantime, NEXTDC continues to proceed with its proposal to wind up the APDC Trust, and with the related court proceedings