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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Aveo Group    AOG   AU000000AOG1

AVEO GROUP

(AOG)
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Aveo : Strategic Review Update

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07/03/2019 | 09:08pm EDT

4 July 2019

Update: Strategic Review

Australia's leading owner, operator and manager of retirement communities, Aveo Group (ASX: AOG, "Aveo") today released a further update on the Strategic Review process.

Further to Aveo's 24 June 2019 announcement and in response to media speculation today, Aveo confirms that the preferred party in Aveo's Strategic Review process is Brookfield Property Group, together with its affiliates and their managed funds ("Brookfield").

Aveo continues to negotiate with Brookfield in respect of its Indicative Proposal with a view to entering into definitive agreements leading to a Scheme of Arrangement to give effect to the Indicative Proposal.

There continues to be no certainty that it will result in an acceptable offer for Aveo securityholders or that a transaction will be implemented.

Aveo will provide a further update on or after 22 July 2019 as foreshadowed previously.

Investor Contact:

David Hunt, Chief Financial Officer

T +61 2 9270 6152 | E david.hunt@aveo.com.au

Media Contact:

Justin Kirkwood

T +61 2 9231 5600 | M +61 411 251 324 | E justin@kirkwoods.com.au

About Aveo

Aveo's vision is to be Australia's leading and most innovative seniors living provider. Our mission is to honour and serve our residents through Kindness, Care and Respect. Kindness, Care and Respect are our corporate values.

Aveo is a leading and trusted owner, operator and manager of retirement communities across Australia. Aveo's philosophy is underpinned by a commitment to grow with older Australians by inspiring greater living choices. We currently and proudly do so for 13,000 residents in 94 retirement communities across Australia.

www.aveo.com.au

Disclaimer

Aveo Group Ltd. published this content on 04 July 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 July 2019 01:07:02 UTC

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Financials
Sales 2019 274 M 194 M 194 M
Net income 2019 -213 M -151 M -151 M
Net Debt 2019 734 M 518 M 518 M
P/E ratio 2019 -5,09x
Yield 2019 2,39%
Capitalization 1 238 M 847 M 874 M
EV / Sales 2018 4,76x
EV / Sales 2019 6,64x
Nbr of Employees -
Free-Float -
Income Statement Evolution
Managers
NameTitle
Geoffrey Earl Grady Chief Executive Officer & Executive Director
Seng Huang Lee Non-Executive Chairman
David Allan Hunt Chief Financial Officer
James Edward Forrest Frayne Independent Non-Executive Director
Walter L. McDonald Independent Non-Executive Director