Brief: A2b Australia Says Sale Of O'riordan Street And Scheme Of Arrangement

A2B Australia

21/12/2023 23:52

Dec 22 (Reuters) - A2B Australia Ltd  A2B.AX :
    * SALE OF O'RIORDAN STREET AND SCHEME OF ARRANGEMENT
    * ENTERS SCHEME IMPLEMENTATION ARRANGEMENT WITH
COMFORTDELGRO
CORPORATION AUSTRALIA
    * UNDER DEAL,  COMFORTDELGRO CORPORATION AUSTRALIA WOULD
ACQUIRE
A2B FOR A$1.45 PER A2B SHARE IN CASH
    * A2B'S BOARD UNANIMOUSLY RECOMMENDS SCHEME
    * RECEIVED A$78 MILLION PAYMENT FOR 9-13 O'RIORDAN STREET,
ALEXANDRIA, COMPLETING SALE OF A2B'S PROPERTIES, RAISING A TOTAL
OF A$105 MILLION
    * SCHEME CONSIDERATION VALUES A2B’S ISSUED EQUITY AT A$182 
MILLION.
    * BOARD TO DECLARE A FULLY FRANKED DIVIDEND OF A$0.60 PER
SHARE

Source text for Eikon:  ID:nASX12RqLV 
Further company coverage:  A2B.AX 

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