Aug 22 (Reuters) - Charter Hall Group (CHC) : CHARTER HALL...

Aug 22 (Reuters) - Charter Hall Group (CHC) :

• CHARTER HALL GROUP TO ACQUIRE FOLKESTONE LIMITED
• ENTERED INTO A SCHEME IMPLEMENTATION AGREEMENT FOR CHARTER HALL TO ACQUIRE FOLKESTONE FOR $205 MILLION
• FY18 DIVIDEND WILL BE PAID TO FOLKESTONE SHAREHOLDERS REGARDLESS OF WHETHER SCHEME IS APPROVED
• IN ADDITION, FOLKESTONE SHAREHOLDERS ON REGISTER AS AT 11 SEPT 2018 WILL BE ENTITLED TO $0.03 PER SHARE ORDINARY DIVIDEND FOR FY18
• TRANSACTION TO GROW CHARTER HALL'S FUNDS UNDER MANAGEMENT (FUM) BY $1.6 BILLION
• FOLKESTONE SHAREHOLDERS TO GET $1.39 CASHPER SHARE COMPRISING A CHARTER HALL CASH CONSIDERATION OF $1.354PER SHARE, SPECIAL DIVIDEND OF $0.036PER SHARE