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- Release Date: 01/03/12 10:33
- Summary: GENERAL: ARG: Argosy corporatisation completed
- Price Sensitive: No
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ARG
01/03/2012 08:33
GENERAL
REL: 0833 HRS Argosy Property Limited
GENERAL: ARG: Argosy corporatisation completed
The Board of Argosy Property Limited (NZX:ARG) is pleased to advise that
corporatisation of the Argosy Property Trust (the "Trust") has been
completed.
Unit holders in the Trust (other than unit holders with a registered address
outside New Zealand and Australia) have had their units in the Trust redeemed
and have had transferred to them shares in Argosy Property Limited.
Shareholders of Argosy Property Limited will receive dividends, rather than
distributions (and allotments of shares rather than units under the dividend
reinvestment plan). An amended Appendix 7 is attached in respect of the
distribution announced by the Trust on 22 February 2012 to be paid on 21
March 2012. A copy of the Argosy Property Limited Dividend Reinvestment Plan
is also attached.
Unit holders with registered addresses outside New Zealand and Australia have
had their units in the Trust redeemed in cash, and will receive cash for
their units at a price of NZ$0.8410 per unit, being the volume weighted
average price of units over the five days on which trading in units actually
occurred on NZSX, most recently before 28 February 2012.
End CA:00220225 For:ARG Type:GENERAL Time:2012-03-01 08:33:40
