News: GTY Gateway Lifestyle Receives Indicative Non-Binding Proposal From Brookfield Property Group

June 21 (Reuters) - Gateway Lifestyle Group (GTY) :

• RECEIPT OF INDICATIVE, NON-BINDING PROPOSAL - BROOKFIELD
• RECEIVED A NON-BINDING PROPOSAL FROM BROOKFIELD PROPERTY GROUP TO BUY 100% AT AN INDICATIVE PRICE OF $2.30 PER SECURITY
• CONSIDERS ENGAGING WITH BROOKFIELD TO DETERMINE IF OFFER CAN BE PUT TO CO'S SECURITYHOLDERS IS IN INTERESTS OF SECURITYHOLDERS
• BROOKFIELD PROPOSAL IS SUPERIOR TO INDICATIVE, NON-BINDING PROPOSAL RECEIVED FROM HOMETOWN AND ANNOUNCED TO ASX ON 13 JUNE 2018
• ENTERES CONFIDENTIALITY DEAL THAT CONTAINS 12-MNTH STANDSTILL ON ACQUISITION OF ANY GATEWAY LIFESTYLE SECURITIES