They look to be pretty serious about this, and everyone ends up...

They look to be pretty serious about this, and everyone ends up holding FDC shares...
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Dear Sir/Madam
Proposed merger of Federation Centres and Novion Property Group
On 3 February 2015, Novion Property Group (Novion
) and Federation Centres (Federation) entered into
a Merger Implementation Agreement. Implementation of the Merger Implementation Agreement requires Novion securityholders' approval of the schemes of arrangement as well as court and regulatory approvals.
On implementation, each Novion security will be exchanged for 0.8225 Federation securities. The Novion securityholders to be issued with Federation securities include securityholders located in
New Zealand. In order to comply with the Securities Act (Overseas Companies) Exemption Notice 2013
(New Zealand), Federation is lodging the attached Appendix 3B prior to the issue of the Federation
securities.