Dexus Update on APAC Proceedings
Key points
- NSW Supreme Court found Default Notice valid
- Injunction continues until 5 June 2026
- Dexus reviewing judgment for potential appeal
- Impact on Dexus uncertain
Full summary
Dexus (ASX: DXS) provides an update on the APAC matter, following the NSW Supreme Court's judgment on the proceedings between the Dexus Bloc Shareholders and APAC and other shareholders. The Court found the Default Notice valid, requiring a compulsory sale process and suspension of voting and governance rights of the Dexus Bloc Shareholders. The injunction, which temporarily lifts the suspension, continues until 5pm on 5 June 2026, preventing any forced sale. Dexus and the Dexus Bloc Shareholders are reviewing the judgment and considering grounds for appeal. The potential impact on Dexus is uncertain, pending the continuation of the injunction and the outcome of any appeal. Dexus will provide further updates as required.
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