29 November 2017
Implementation of Capital Reallocation Proposal
Dexus announces it will implement the Capital Reallocation Proposal (Proposal) approved by Security holders at the Dexus 2017 Annual General Meeting held on 24 October 2017. The details of the Proposal were set out in the Notice of Annual General Meeting and Explanatory Memorandum announced to the Australian Securities Exchange (ASX) on 19 September 2017.
Under the Proposal, Dexus Industrial Trust and Dexus Operations Trust will each make a capital distribution of 17.21 cents per unit which will be automatically applied as a contribution of capital of 34.42 cents per unit to Dexus Office Trust.
Dexus confirms it remains satisfied that the Proposal is in the best interest of Security holders. In addition, the class ruling described in the Notice of Annual General Meeting and Explanatory Memorandum was issued by the Australian Taxation Office on 8 November 2017, confirming the Australian taxation implications of the capital reallocation for Security holders.
Security holders are not required to take any action and will not receive a cash payment as a result of Dexus implementing the Proposal.
The details for the implementation of the Proposal are as follows:
|Record date:||5 December 2017|
|Implementation date:||6 December 2017|
|Letter dispatched to Security holders
confirming implementation has occurred:
|6 December 2017|
For further information concerning the capital reallocation proposal, refer to the Notice of Annual General Meeting and Explanatory Memorandum and the final class ruling, both of which are available from www.dexus.com/investors