Dexus (ASX: DXS)
ASX release
1 July 2021
Additional information concerning Dexus's on-marketbuy-back program
Dexus provides additional disclosure on the Appendix 3C - Notification of buy-back announcements being made today as part of the Simplification to the Dexus corporate structure announced on 22 June 2021.
The attached Appendix 3C - Notification of buy-back is being issued as a final notification under Dexus's existing four stapled trust structure.
A second Appendix 3C - Notification of buy-back (ASX online form announcement) will follow shortly after. This second Appendix 3C is being issued as an initial notification under Dexus's two stapled trust structure, being Dexus Operations Trust and the new Dexus Property Trust.
Dexus confirms that these announcements relate to the Simplification only - the terms of the on-market buy back and the number of securities that may be bought back under it remain unchanged.
Authorised by Brett Cameron, General Counsel and Company Secretary of Dexus Funds Management Limited
For further information please contact:
Investors | Media |
Rowena Causley | Louise Murray |
Senior Manager, Investor Relations | Senior Manager, Corporate Communications |
+61 2 9017 1390 | +61 2 9017 1446 |
+61 416 122 383 | +61 403 260 754 |
rowena.causley@dexus.com | louise.murray@dexus.com |
About Dexus
Dexus is one of Australia's leading real estate groups, managing a high-quality Australian property portfolio valued at $36.5 billion. We believe that the strength and quality of our relationships will always be central to our success and are deeply committed to working with our customers to provide spaces that engage and inspire. We invest only in Australia, and directly own $15.5 billion of office, industrial and healthcare properties. We manage a further $21.0 billion of office, retail, industrial and healthcare properties for third party clients. The group's $11.5 billion development pipeline provides the opportunity to grow both portfolios and enhance future returns. Dexus is a Top 50 entity by market capitalisation listed on the Australian Securities Exchange (trading code: DXS) and is supported by more than 29,000 investors from 24 countries. With 36 years of expertise in property investment, development and asset management, we have a proven track record in capital and risk management, providing service excellence to tenants and delivering superior risk- adjusted returns for investors. www.dexus.com
Dexus Funds Management Ltd ABN 24 060 920 783, AFSL 238163, as Responsible Entity for Dexus (ASX: DXS) Level 25, 264 George Street, Sydney NSW 2000
This appendix is available as an online form | Appendix 3C |
Notification of buy-back |
Appendix 3C
Notification of buy-back
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
*Denotes minimum information required for first lodgement of this form, with exceptions provided in specific notes for certain questions. The balance of the information, where applicable, must be provided as soon as reasonably practicable by the entity.
Part 1 - Entity and announcement details
Question | Question | Answer |
no | ||
1.1 | *Name of entity | Dexus comprising the stapled |
We (the entity named above) provide the following information | securities of | |
about our buy-back | Dexus Diversified Trust (DDF), | |
Dexus Office Trust (DOT), | ||
Dexus Industrial Trust (DIT), and | ||
Dexus Operations Trust (DXO) | ||
1.2 | *Registration type and number | 60 575 572 573 (DDF) |
Please supply your ABN, ARSN, ARBN, ACN or another | 45 098 862 531 (DOT) | |
registration type and number (if you supply another registration | 27 957 640 288 (DIT) | |
type, please specify both the type of registration and the | ||
registration number). | 69 645 176 383 (DXO) | |
1.3 | *ASX issuer code | DXS |
1.4 | *The announcement is | ☐ New announcement |
Select whichever is applicable. | ☐ Update/amendment to | |
previous announcement | ||
☐ Cancellation of previous | ||
announcement | ||
☐ Daily buy-back notification | ||
Not applicable for selective buy-backs | ||
(complete Part 4) | ||
☒ Final buy-back notification | ||
(complete Part 5) | ||
1.4b | *Reason for update | |
Answer this question if your response to Q 1.4 is | ||
"Update/amendment to previous announcement". | ||
1.4c | *Date of initial notification of buy-back | |
Answer this question if your response to Q 1.4 is | ||
"Update/amendment to previous announcement" or "Cancellation | ||
of previous announcement". | ||
1.4d | *Date of previous announcement to this update | |
Answer this question if your response to Q 1.4 is | ||
"Update/amendment to previous announcement". | ||
1.4e | *Reason for cancellation | |
Answer this question if your response to Q 1.4 is "Cancellation of | ||
previous announcement". | ||
1.4f | *Date of previous announcement to this cancellation | |
Answer this question if your response to Q 1.4 is "Cancellation of | ||
previous announcement". | ||
1.5 | *Date of this announcement | 1 July 2021 |
This appendix is available as an online form | Appendix 3C | ||
Notification of buy-back | |||
1.6 | *Class of +securities the subject of the buy-back: | ASX Security Code: DXS | |
Note: only one type of buy-back for one class of security can be | Security Description: Fully paid | ||
advised in this notification. If a buy-back extends to more than one | stapled securities | ||
class of security, a separate notification is required for each class. | |||
Part 2 -Type of buy-back | |||
Questio | Question | Answer | |
n No. | |||
2.1 | *The type of buy-back is | ☐ Employee share scheme buy- | |
Note this form is not required for minimum holding buy-backs (i.e. | back | ||
buy-backs of unmarketable parcels). The only notification required | ☒ On-marketbuy-back | ||
to ASX for a minimum holding buy-back is the lodgement of an | |||
Appendix 3H within 5 business days of the completion of the | ☐ Equal access scheme buy- | ||
minimum holding buy-back notifying ASX of the cancellation of the | |||
securities bought back in accordance with listing rule 3.8A. | back | ||
☐ Selective buy-back | |||
☐ Other buy-back | |||
Select one item. | |||
Note: "Other buy-back" does not include | |||
a minimum holding buy-back. The | |||
section "Other buy-back" will generally | |||
only be applicable to an entity | |||
established outside Australia. | |||
2.2 | Please describe the type of buy-back | ||
Answer this question if your response to Q 2.1 is "Other buy-back". | |||
Part 5 - Final buy-back notification
Answer the questions in this part if you are giving a final buy-back notification under listing rule 3.8A.
For on-marketbuy-backs, a final buy-back notification must be submitted at least half an hour before the commencement of trading on the business day after the company buys back the maximum number of securities that it wanted or the company decides it will stop buying back securities.
For equal access buy-back schemes, a final buy-back notification must be submitted no later than five business days after the buy-back offer closing date.
For employee share scheme buybacks, selective buy-backs and other buy-backs, a final buy-back notification must be submitted by no later than five business days after the completion of the buy-back.
5.1 | *Total number of +securities bought back | 21,292,419 |
5.2 | *Total consideration paid or payable for the +securities | $197,833,889.09 |
5.3 | *Highest price paid | $11.70 |
Answer this question if your response to Q 2.1 is "On-marketbuy-back". | ||
5.4 | *Date highest price was paid | 13 December 2019 |
Answer this question if your response to Q 2.1 is "On-marketbuy-back". | ||
5.5 | *Lowest price paid | $8.42 |
Answer this question if your response to Q 2.1 is "On-marketbuy-back". | ||
5.6 | *Date lowest price was paid | 9 February 2021 |
Answer this question if your response to Q 2.1 is "On-marketbuy-back". | ||
Introduced 05/06/21
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Disclaimer
DEXUS Property Group published this content on 01 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 June 2021 23:46:22 UTC.