Takeover - extension of offer period
| Stock | Hotel Property Investments (HPI.ASX) |
|---|---|
| Release Time | 31 Jan 2025, 4:19 p.m. |
| Price Sensitive | Yes |
Takeover - extension of offer period
- Offer period extended to 14 March 2025
- All defeating conditions to the offer have been freed
- Shareholders can accept the offer by following the instructions provided
The announcement states that Charter Hall Wholesale Management Limited, in its capacity as trustee for the CH Investment Trust and the CH Investment Co Trust (the Bidder), has extended the closing date of its off-market takeover offer to acquire all of the stapled securities in Hotel Property Investments (HPI) to 7:00pm Sydney time on 14 March 2025. The Bidder has notified HPI and the Australian Securities and Investments Commission of this extension, and the information will be provided to HPI securityholders as required by the Corporations Act. The announcement also states that, as previously announced, all of the defeating conditions to the offer have been freed, and the offer is now unconditional. Shareholders can accept the offer by logging into the provided website, completing and returning the acceptance form, or instructing their controlling participant (usually their stockbroker) to accept the offer on their behalf. If shareholders have already accepted the offer, no further action is required.