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Centuria Capital Group Advises on Compulsory Acquisition of Remaining Primewest Securities

17 Jun 2021  |  10:51:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Compulsory Acquisition of remaining Primewest Securities

Centuria Capital Group referred to its off-market takeover bid under Chapter 6 of the Corporations Act 2001 (Cth) (Corporations Act) for all of the stapled securities in Primewest Group and the Primewest Property Fund whose responsible entity is Primewest Management (together, Primewest). It announced that it has a relevant interest in greater than 90% of Primewest securities and that it intends to exercise its right to comspulsorily acquire any outstanding Primewest securities. The compulsory acquisition notice has been lodged with the Australian Securities and Investments Commission and will be despatched to Primewest securityholders who have not yet accepted the Offer as required under the Corporations Act.

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