Sept 20 (Reuters) - Charter Hall Long WALE REIT (CLW) :
- ENTERED INTO A SCHEME IMPLEMENTATION DEED (SID) WITH A CONSORTIUM MANAGED BY CHARTER HALL GROUP
- ALE SECURITYHOLDERS WILL RECEIVE 0.4080 CLW SECURITIES AND CASH OF A$3.673 FOR EACH ALE SECURITY
- EACH ALE DIRECTOR INTENDS TO VOTE ALL SECURITIES HELD OR CONTROLLED BY THEM IN FAVOUR OF SCHEMES
- IF UNFORESEEN DELAY IN TIMETABLE, ALE WILL BE ENTITLED TO PAY A DISTRIBUTION FOR DECE QUARTER, HOWEVER CONSIDERATION PAYABLE WILL BE REDUCED
- CURRENTLY EXPECTED THAT SCHEMES WILL BE IMPLEMENTED IN DEC 2021
- PROPOSAL HAS AN IMPLIED VALUE OF A$5.88 PER ALE SECURITY
- DIRECTORS CONSIDER THAT CONSIDERATION OFFERED UNDER PROPOSAL REPRESENTS ATTRACTIVE VALUE
