ALX.ASX: Supp. Target Statement - asset sale and distribution update

Supp. Target Statement - asset sale and distribution update

Stock	Atlas Arteria (ALX.ASX)
Release Time	22 Jun 2026, 9:50 a.m.
Price Sensitive	Yes

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Atlas Arteria Rejects IFM Bid and Announces Asset Sale

Key Points

Independent Directors recommend rejecting the IFM bid as it undervalues Atlas Arteria
Atlas Arteria targets increased distributions to ALX Securityholders
Exclusive discussions with Eiffage for potential sale of Warnow Tunnel

Full Summary

Atlas Arteria Limited, in response to the unsolicited off-market cash takeover bid by Diamond Infraco 1 Pty Ltd, a subsidiary of IFM Global Infrastructure Fund, has issued its Fifth Supplementary Target's Statement. The Independent Directors continue to recommend that shareholders reject the offer, as it remains too low and opportunistic, materially undervaluing Atlas Arteria. The Independent Expert concluded that the offer is neither fair nor reasonable. Atlas Arteria also plans to target increased distributions to ALX Securityholders of at least 60.0 cents per ALX Security in the 12 months following the end of the Offer Period. Additionally, Atlas Arteria has entered into exclusive discussions with Eiffage S.A. regarding the potential sale of its 100% stake in the Warnow Tunnel in Germany.

Guidance

Atlas Arteria targets increased distributions to ALX Securityholders of at least 60.0 cents per ALX Security

Outlook

Atlas Arteria continues to progress initiatives to unlock value from its portfolio of world-class assets, including the potential sale of Warnow Tunnel.