08 Feb Bunnings Divestments to Investore Unconditional
NZX Announcement Immediate — 08 February 2018
Bunnings Divestments to Investore Unconditional
Further to the announcement on 13 November 2017, Stride Property Limited advises the sale of three Bunnings properties at Hamilton, Rotorua and Palmerston North for $78.5 million in aggregate to Investore Property Limited (‘Investore’) is now unconditional.
Settlement is expected to occur on 28 February 2018.
For further information please contact:
Tim Storey, Chairman, Stride Investment Management Limited / Stride Property Limited
Mobile: 021 633 089 – Email: [email protected]
Philip Littlewood, Chief Executive Officer, Stride Investment Management Limited
DDI: 09 913 1122 – Mobile: 021 230 3026 – Email: [email protected]
Jennifer Whooley, Chief Financial Officer, Stride Investment Management Limited
DDI: 09 913 1150 – Mobile: 021 536 406 – Email: [email protected]
Louise Hill, General Manager Corporate Services, Stride Investment Management Limited
DDI: 09 976 0352 – Mobile: 027 558 0033 – Email: [email protected]
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.