On 27 July 2021, securityholders in APN Property Group (ASX: APD), the ultimate and immediate parent entity of APN Funds Management Limited, passed resolutions to approve the acquisition of APD by Dexus Nominee Pty Limited (an entity controlled by Dexus, ASX: DXS). Subsequently, on 4 August 2021 the Supreme Court of Victoria approved the scheme of arrangement and trust scheme. As a result, the transaction was implemented on 13 August 2021, APD was delisted and eligible securityholders were paid a total cash value of 91.5 cents per security. For further information refer to the scheme booklet released to the ASX on 16 June 2021.
Dexus is a Top 50 entity by market capitalisation listed on the Australian Securities Exchange (“ASX”) and trades under the ASX trading code DXS. If you would like to learn more about Dexus, please visit the Dexus investor centre.