Announcement
TRANSACT: IFT: Completion of sale of ANU Student Accommodation Concession
09:50am
IFT
21/05/2019 09:50
TRANSACT
NOT PRICE SENSITIVE
REL: 0950 HRS Infratil Limited
TRANSACT: IFT: Completion of sale of ANU Student Accommodation Concession
Infratil confirms that the sale of its 50% interest in the Australian
National University's Purpose-Built Student Accommodation concession to funds
controlled by AMP Capital has completed. A co-investor, that held the other
50% interest in the ANU Portfolio, has also sold its interest on the same
terms and conditions.
Infratil received cash proceeds of A$162.1 million on completion, as well as
distributions of A$4.8 million in the period from 31 March 2019 to
completion.
Infratil entered into the conditional sale agreement (announced on 1 April
2019) in reliance on a waiver from NZX Main Board Listing Rule 9.2.1 dated 8
May 2017. Reliance on the waiver was required to permit Infratil to undertake
the divestment of the ANU co-investment transaction (with each of the
co-investor and Infratil being advised by a related entity of H.R.L. Morrison
& Co Group LP) without obtaining shareholder approval (such approval only
being required given the co-investment relationship between the parties
making them related parties for the purposes of the NZX Main Board Listing
Rules).
Any enquiries should be directed to:
Mark Flesher, Investor Relations, Infratil Limited
mark.flesher@infratil.com
End CA:00334793 For:IFT Type:TRANSACT Time:2019-05-21 09:50:41
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