Divestment of Assets Now Unconditional
Stride Property Group (NS)
NZX Announcement
28 April 2020
W strideproperty.co.nz
Stride Property Group
Divestment of Assets Now Unconditional
Further to the announcement in November 2019 regarding the divestment of three large format
retail properties to Investore Property Limited for a sale price of $140.75 million, Stride Property
Limited (SPL) is pleased to announce that the divestment is now unconditional, following receipt
of consent from the Overseas Investment Office. SPL expects to settle the sale of the three
properties on 30 April 2020.
End
For further information please contact:
Tim Storey, Chairman, Stride Investment Management Limited / Stride Property Limited
Mobile: 021 633 089 - Email:
tim.storey@strideproperty.co.nz
Philip Littlewood, Chief Executive Officer, Stride Investment Management Limited
Mobile: 021 230 3026 - Email:
philip.littlewood@strideproperty.co.nz
Jennifer Whooley, Chief Financial Officer, Stride Investment Management Limited
Mobile: 021 536 406 - Email:
jennifer.whooley@strideproperty.co.nz
Louise Hill, General Manager Corporate Services, Stride Investment Management Limited
Mobile: 0275 580 033 - Email:
louise.hill@strideproperty.co.nz
A Stapled Security of the Stride Property Group comprises one ordinary share in Stride Property Limited and
one ordinary share in Stride Investment Management Limited. Under the terms of the constitution of each
company, the shares in each can only be transferred if accompanied by a transfer of the same number of
shares in the other.
Stapled Securities are quoted on the NZX Main Board under the ticker code SPG. Further information is
available at
www.strideproperty.co.nz or at www.nzx.com/companies/SPG.
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
Other issuers discussed similar conditions around this time
Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.
- IPL — Investore Property Limited: FY20 Results2020-06-02
“onship between Investore and Stride Property Group. The Board established 1 Excludes lease liabilities. Under the sale and purchase agreement SPL is to complete seismic works of $7m and has provided a rental guarantee of $0.5m. The valuations of the three large format retail…”