DHG.ASX: Media Reporting on CoStar Proposal

Media Reporting on CoStar Proposal

Stock	Domain Holdings Australia Ltd (DHG.ASX)
Release Time	21 Mar 2025, 8:40 a.m.
Price Sensitive	Yes

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Domain Holdings Australia Receives Unsolicited Proposal from CoStar

Key Points

Domain received unsolicited, non-binding proposal from CoStar to acquire 100% of company
Proposal requires support from Domain's major shareholder, Nine Entertainment
Domain engaged with Nine on the proposal, no certainty it will result in a transaction

Full Summary

Domain Holdings Australia Limited [ASX:DHG] ('Domain' or 'Company') announced on 21 February 2025 that it had received an unsolicited, non-binding, indicative proposal from CoStar Group, Inc. (CoStar) to acquire 100% of the issued capital of Domain by way of scheme of arrangement (Proposal). Domain notes the media reporting on discussions between Domain's major shareholder, Nine Entertainment Co Holdings Limited (Nine), and CoStar. Domain has not received a revised proposal from CoStar since 21 February 2025 and the Domain Board continues to consider the Proposal. CoStar's Proposal is via a scheme of arrangement which requires the support of Nine. Domain is engaged with Nine on the Proposal. Domain will keep the market informed in accordance with its continuous disclosure obligations. Domain shareholders do not need to take any action in relation to CoStar's Proposal at this time. There is no certainty that the Proposal will result in a transaction.