Dec 22 (Reuters) - A2B Australia Ltd (A2B) : SALE OF O'RIORDAN...

Dec 22 (Reuters) - A2B Australia Ltd (A2B) :

• SALE OF O'RIORDAN STREET AND SCHEME OF ARRANGEMENT
• ENTERS SCHEME IMPLEMENTATION ARRANGEMENT WITH COMFORTDELGRO CORPORATION AUSTRALIA
• UNDER DEAL, COMFORTDELGRO CORPORATION AUSTRALIA WOULD ACQUIRE A2B FOR A$1.45 PER A2B SHARE IN CASH
• A2B'S BOARD UNANIMOUSLY RECOMMENDS SCHEME
• RECEIVED A$78 MILLION PAYMENT FOR 9-13 O'RIORDAN STREET, ALEXANDRIA, COMPLETING SALE OF A2B'S PROPERTIES, RAISING A TOTAL OF A$105 MILLION
• SCHEME CONSIDERATION VALUES A2B’S ISSUED EQUITY AT A$182 MILLION.
• BOARD TO DECLARE A FULLY FRANKED DIVIDEND OF A$0.60 PER SHARE