ASTRO JAPAN PROPERTY GROUP ASX/Media Release
10 June 2015
Off-Market Buy-Back - Scale Back Information
Astro Japan Property Group (ASX: AJA) refers to its announcement on 4 June 2015 regarding completion of the off-market buy-back (Buy-Back). AJA confirms that the dispatch of cheques and direct crediting to bank accounts of the Buy-Back proceeds has been completed today.
AJA also confirms that the Buy-Back was substantially over-tendered with a total tender of
16,370,856 securities, representing 24.96% of AJA's issued capital. The maximum number of securities that AJA was permitted to buy-back was 4,940,400 securities, so a scale back of tenders
was required.
Successful securityholders who tendered their AJA securities had a Priority Allocation of 393 securities bought back, and had 29.85542% of their securities tendered in excess of the Priority Allocation bought back. The Buy-Back was also structured so that successful securityholders who tendered all of their securities and who would be left with 98 securities or less as a result of the Priority Allocation and scale back, had all of their securities bought back in full.
Securityholders should refer to the Buy-Back Booklet for further information regarding the terms of the scale back. Investors can call the Buy-Back information line on 1800 881 098 (within Australia) or +61 1800 881 098 (for calls made from outside Australia) for further information.
Astro Japan Property Group is a listed property group which invests in the Japan real estate market. It currently holds interests in a portfolio comprising 30 retail, office and residential properties. Asset management services in Japan are generally undertaken by Spring Investment Co., Ltd.
AJA is a stapled entity comprising Astro Japan Property Trust (ARSN 112 799 854) and Astro Japan Property Group Limited (ABN 25 135 381 663). For further information please visit our website: www.astrojapanproperty.com.
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