Sept 20 (Reuters) - Charter Hall Long WALE REIT (CLW) : ENTERED...

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