Implementation of Schemes

Irongate Group (JSE: IAP)
Comprising Irongate Property Fund I (IPF I, ARSN 162 067 736) and Irongate Property Fund II (IPF II, ARSN 644 081 309), established in Australia
and registered with ASIC as managed investment schemes
Operated by Irongate Funds Management Limited (ACN 071 514 246; AFSL 290 909) (Responsible Entity)
IPF I is registered as a foreign collective investment scheme in terms of the Collective Investment Schemes Control Act No.45 of 2002
ISIN: AU0000046005
(IAP or the Fund)


Implementation of Schemes


Irongate Funds Management Limited (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 Limited 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 A$1.90 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) / A$ (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.

The JSE delisting process as notified to IAP securityholders in section 6.7 of the scheme
booklet in respect of the Schemes dated Thursday, 19 May 2022 has been followed and IAP
has received approval from the JSE Executive Committee for the removal of IAP from the
official list of the JSE with effect from Monday, 18 July 2022.


IAP securityholders can obtain further information in relation to the Schemes by visiting IAP’s
website (www.irongategroup.com.au) or calling the IAP securityholder information line on 1300
620 419 (within Australia) or +613 9415 4314 (outside Australia) between 8.30am and 5.00pm
(Sydney time) Monday to Friday, excluding public holidays.

IAP securityholders holding IAP securities on the South African register should direct their
queries to their broker or CSDP.


Footnote:
(1) This is the offer rate quoted by Reuters as at 5:00pm (Sydney time) on the second court date of Tuesday, 5 July 2022.
    Further information


15 July 2022
Johannesburg

Sponsor
Investec Bank Limited

FOR FURTHER INFORMATION, PLEASE CONTACT:

General enquiries:
David Harrison
Managing Director and Group CEO
Charter Hall

T +61 2 8651 9142
E david.harrison@charterhall.com.au

Investor enquiries:
Philip Cheetham
Head of Listed Investor Relations

T +61 403 839 155
E philip.cheetham@charterhall.com.au

Media enquiries:
Sarah Bamford
Communications and Media Manager

T +61 499 685 738
E sarah.bamford@charterhall.com.au




                                                                                                  

Date: 15-07-2022 11:37:00
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