delisted at the close of business today, 30 August 2011, at the request of the Group, following completion of the scheme of arrangement whereby all of the Group's stapled securities were acquired by two affiliates of Blackstone Real Estate Advisors L.P.
we understand the Scheme Consideration of $1.80 per stapled security was paid to Valad securityholders who were on Valad's security register as at 5 pm on Friday 19 August 2011 (the Record Date) by electronic transfer or by posting of a cheque as provided on or about 26 August 2011 - the $1.80 might seem like a lot but the company consolidated its securities one for twenty in November 2010 so most securityholders effectively ended up with 9 cents a unit for their holdings
Valad Property Group (ASX:VPG) announces that the Scheme of Arrangement in relation to the proposal by two affiliates of Blackstone Real Estate Advisors L.P. to acquire all Valad stapled securities has been implemented. Following payment of the Scheme Consideration, all Valad stapled securities have now been transferred to the Bidders. The Registrar, Link Market Services Limited, has effected the payment of the Scheme Consideration of $1.80 per stapled security to Valad securityholders who were on Valad's security register as at 5 pm on Friday 19 August 2011 (the Record Date) by electronic transfer or by posting of a cheque as provided
we understand that on or about this date the company undertook, proposed to undertake or was the subject of the following corporate action: - Blackstone Real Estate Partners VI-VD L.P proposes to acquire all the stapled securities in Valad for $1.80 - this corporate event may appear elsewhere in this company record
the securities of Valad Property Group (the "Group") will be suspended from quotation at the close of trading today, 12 August 2011, at the request of the Group, following lodgement of the court order with ASIC in relation to the scheme of arrangement whereby all of the Group's stapled securities will be acquired by two affiliates of Blackstone Real Estate Advisors L.P.
a bid consortium including Valad managing director Peter Hurley and its European chief executive, Martyn McCarthy has proposed a management buyout of the European business of Valad - transactions of this nature speak volumes about the loyalties of senior executives to their own interests and not to the wider interests of shareholders - any executive indulging themselves in shabby side deals should be summarily dismissed without termination benefits and all executive contracts should provide for that accordingly
we understand that on or about this date the company consolidated its shares 1 for 20
delisted at the close of business today, 30 August 2011, at the request of the Group, following completion of the scheme of arrangement whereby all of the Group's stapled securities were acquired by two affiliates of Blackstone Real Estate Advisors L.P.
we understand the Scheme Consideration of $1.80 per stapled security was paid to Valad securityholders who were on Valad's security register as at 5 pm on Friday 19 August 2011 (the Record Date) by electronic transfer or by posting of a cheque as provided on or about 26 August 2011 - the $1.80 might seem like a lot but the company consolidated its securities one for twenty in November 2010 so most securityholders effectively ended up with 9 cents a unit for their holdings
Valad Property Group (ASX:VPG) announces that the Scheme of Arrangement in relation to the proposal by two affiliates of Blackstone Real Estate Advisors L.P. to acquire all Valad stapled securities has been implemented. Following payment of the Scheme Consideration, all Valad stapled securities have now been transferred to the Bidders. The Registrar, Link Market Services Limited, has effected the payment of the Scheme Consideration of $1.80 per stapled security to Valad securityholders who were on Valad's security register as at 5 pm on Friday 19 August 2011 (the Record Date) by electronic transfer or by posting of a cheque as provided
we understand that on or about this date the company undertook, proposed to undertake or was the subject of the following corporate action: - Blackstone Real Estate Partners VI-VD L.P proposes to acquire all the stapled securities in Valad for $1.80 - this corporate event may appear elsewhere in this company record
the securities of Valad Property Group (the "Group") will be suspended from quotation at the close of trading today, 12 August 2011, at the request of the Group, following lodgement of the court order with ASIC in relation to the scheme of arrangement whereby all of the Group's stapled securities will be acquired by two affiliates of Blackstone Real Estate Advisors L.P.
a bid consortium including Valad managing director Peter Hurley and its European chief executive, Martyn McCarthy has proposed a management buyout of the European business of Valad - transactions of this nature speak volumes about the loyalties of senior executives to their own interests and not to the wider interests of shareholders - any executive indulging themselves in shabby side deals should be summarily dismissed without termination benefits and all executive contracts should provide for that accordingly
we understand that on or about this date the company consolidated its shares 1 for 20
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