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Irongate - implementation of schemes
Irongate Funds Management Ltd. (IAP RE) as responsible entity of Irongate Property Fund I (IPF I) and Irongate Property Fund II (IPF II) (together, IAP) is pleased to announce that the acquisition by Charter Hall PGGM Industrial Partnership No.2 (CHPIP) of 100% of the units in IPF I and by Charter Hall Holdings Pty Ltd. of 100% of the units in IPF II by way of inter- conditional trust schemes (Schemes) has been implemented today.
Payment to IAP securityholders
The cash consideration under the Schemes, being AUD1.90 per IAP security (excluding the ordinary distribution for the period ending 31 March 2022 as announced by IAP RE on Tuesday, 10 May 2022), has been paid to each IAP securityholder who was registered as the holder of an IAP security on the record date, being 7:00pm (Sydney time) / 11:00am (Johannesburg time) on Friday, 8 July 2022.
As previously announced, IAP securityholders holding IAP securities on the South African register will receive the cash consideration under the Schemes in ZAR (Rand) equivalent of ZAR2112.91400 cents per IAP security based on the ZAR (Rand) / AUD (AUD) relevant rate quoted by Reuters as at 5:00pm (Sydney time) on the second court date of Tuesday, 5 July 2022 being 0.08992.(1)
Delisting of IAP from ASX and JSE
Trading in IAP securities was suspended on the ASX at the close of trading and on the JSE at the open of trading on Wednesday, 6 July 2022 as previously announced.
IAP has applied to the ASX for IAP to be removed from the official list of the ASX, with effect from the close of trading on Monday, 18 July 2022.
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