Goodman Property Trust is pleased to announce that the Internalisation Proposal being considered at today’s Special Meeting of Unitholders has been approved.
James Spence, Chief Executive Officer said, “We are delighted with the strong endorsement from Unitholders. Internalisation offers exciting growth opportunities for GMT and we look forward to providing an update on these initiatives in due course.”
The voting result is detailed below, approval of all three resolutions was required to effect the change.
Resolution 1 – Approval of Internalisation
The Ordinary Resolution was approved by Unitholders
Of the 659,079,131 Units voted, 99.94% were in favour of the resolution and 0.06% against.
Resolution 2 – Approval of issue of Units
The Ordinary Resolution was approved by Unitholders
Of the 658,794,799 Units voted, 99.88% were in favour of the resolution and 0.12% against
Resolution 3 – Appointment of new manager
The Extraordinary Resolution was approved by Unitholders
Of the 1,018,875,113 Units voted, 99.96% were in favour of the resolution and 0.04% against
The settlement and effective date of the internalisation is expected to be the 28 March 2024.
For further information, please contact:
John Dakin
Chair
Goodman (NZ) Limited
(021)321 541
James Spence
Chief Executive Officer
Goodman (NZ) Limited
(021)538 934
David Gibson
Deputy Chair and Independent Director
Goodman (NZ) Limited
(021)276 9440
About Goodman Property Trust:
GMT is a managed investment scheme, listed on the NZX. It has a market capitalisation of around $3.1 billion, ranking it in the top 20 of all listed investment vehicles. The Trust is New Zealand’s leading warehouse and logistics space provider. It has a substantial property portfolio, with an expected value of $4.5 billion at 31 March 2024. The Trust also holds an investment grade credit rating of BBB from S&P Global Ratings.
The S&P/NZX 50 Index closed at 11,746.66, down 44.26 points or 0.38%.
The company is NZ's best-performing retirement village operator.
Surging datacentre demand and expanded development plans benefit Infratil.
To join your company account for BusinessDesk and enjoy full access, enter your email and we’ll send you details