Stride Property Group – Divestment of Assets Now Unconditional

Stride Property Group – Divestment of Assets Now Unconditional

NZX Announcement Immediate — 28 April 2020

 

Stride Property Group — Divestment of Assets Now Unconditional

 
Further to the announcement in November 2019 regarding the divestment of three large format retail properties to Investore Property Limited for a sale price of $140.75 million, Stride Property Limited (SPL) is pleased to announce that the divestment is now unconditional, following receipt of consent from the Overseas Investment Office. SPL expects to settle the sale of the three properties on 30 April 2020.

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For further information please contact:
Tim Storey, Chairman, Stride Investment Management Limited / Stride Property Limited
Mobile: 021 633 089 – Email: tim.storey@strideproperty.co.nz

Philip Littlewood, Chief Executive, Stride Investment Management Limited
Mobile: 021 230 3026 – Email: philip.littlewood@strideproperty.co.nz

Jennifer Whooley, Chief Financial Officer, Stride Investment Management Limited
Mobile: 021 536 406 – Email: jennifer.whooley@strideproperty.co.nz

Louise Hill, General Manager Corporate Services, Stride Investment Management Limited and Company Secretary of Stride Property Group
Mobile: 0275 580 033 – Email: louise.hill@strideproperty.co.nz

A Stapled Security of the Stride Property Group comprises one ordinary share in Stride Property Limited and one ordinary share in Stride Investment Management Limited. Under the terms of the constitution of each company, the shares in each can only be transferred if accompanied by a transfer of the same number of shares in the other.

Stapled Securities are quoted on the NZX Main Board under the ticker code SPG. Further information is available at www.strideproperty.co.nz or at www.nzx.com/companies/SPG. 

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