Proceeds of Graham Street settlement

MKTUPDTE

Fri, Nov 15 2024 08:30 am

NZX RELEASE

15 November 2024

Proceeds of Graham Street settlement

Asset Plus (NZX: APL) announces that the Board of Asset Plus has resolved that, subject to the sale of 35 Graham Street, Auckland successfully settling, it intends to declare a special dividend of 5 cents per share from the net proceeds of that sale following repayment of all bank debt.

Settlement of the sale of 35 Graham Street is currently contracted to occur on Friday, 29 November 2024. If settlement occurs on that date, the special dividend is expected to be formally declared and announced on Monday, 2 December 2024, with an expected payment date on or around Monday, 16 December 2024.

Announcement authorised by the Board of Asset Plus Limited.

-ENDS-

For further information please contact:

Mark Francis
CEO, Centuria NZ, manager of Asset Plus Limited
+64 9 300 6161

Simon Woollams
COO, Centuria NZ, manager of Asset Plus Limited
+64 9 300 6161

Stephen Brown-Thomas
Asset Plus Fund Manager, Centuria NZ, manager of Asset Plus Limited
+64 9 300 6161