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Company News Summary

Aventus Retail Property Fund Provides Notice of Meeting and Explanatory Memorandum and Prospectus

10 Aug 2018  |  12:14:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Notice of meeting and explanatory memorandum and prospectus

Aventus Retail Property Fund advised that on 10 August 2018, the Fund's responsible entity, Aventus Capital (ACL), announced that it had entered an implementation deed with the Sellers to put forward a proposal for the internalisation of all the Fund's management functions (including investment management, property management and development management), including assuming management of the retail asset known as Kotara North. The ACL Independent directors recommended that investors vote in favour of all resolutions in the absence of a superior proposal. The Independent Expert has concluded that in its opinion the Proposal described in this Explanatory Memorandum is fair, reasonable and therefore in the best interests of securityholders who are not associated with the Sellers.

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