Brief: A2b Australia Ltd Says Agreed To Sale Of O'riordan Street Alexandria Property

A2B Australia

30/03/2023 09:25

March 30 (Reuters) - A2B Australia Ltd  A2B.AX :
    * AGREES SALE OF O'RIORDAN STREET ALEXANDRIA PROPERTY
    * EXCHANGED CONTRACTS FOR SALE OF O'RIORDAN STREET,
ALEXANDRIA
PROPERTY TO ENTITY AFFILIATED WITH DOUBLE SPACE PTY
    * SALE FOR A$78 MILLION
    * CURRENTLY INTENDS TO RETURN SALE NET PROCEEDS TO
SHAREHOLDERS AS
FULLY FRANKED DIVIDEND BY 2023-END
    * NET PROCEEDS FROM SALE OF CO'S PROPERTIES IN O'RIORDAN
STREET
AND BOURKE ROAD, AFTER COSTS & DEBT REPAYMENT , EXPECTED TO BE
A$73 MILLION

Source text for Eikon:  ID:nASX2dYjR5 
Further company coverage:  A2B.AX 

 ((Reuters.Briefs@thomsonreuters.com;))