Augusta Bid Implementation Agreement

Augusta Capital has entered into an agreement under which, subject to certain regulatory approvals, the Centuria Capital Group will propose a 100% takeover offer of Augusta`s shares (offer). Centuria is a specialized real estate and investment management company of ASX listed with assets under management of AUD 7.3 billion. STUFF.CO. NZA billions of dollars Queenstown mixed use has taken a step forward with the signing of a development agreement between the… The directors, Mark Francis and Bryce Barnett, who together hold 23.3% of Augusta`s shares, have committed to accept the offer and accept Centuria scrip. They also entered into three-year employment contracts with Augusta. Centuria informed Augusta that other Augusta shareholders, who represent 12.9% of Augusta`s property, have also committed to accept the offer. Augusta Capital Limited (Augusta, NZX: AUG) has entered into an agreement under which Centuria Capital Group (Centuria, ASX: CNI) will launch an offer to buy 100% of Augusta`s shares (offer), subject to certain regulatory approvals. Centuria is an ASX-listed specialized real estate investment management company with assets under management of AUD 7.3 billion.

The offer price is NZ$2.00 per Augusta share. Shareholders who accept the offer may choose to take in cash or Centuria scrip in return for their Augusta shares. Shareholders may also decide not to accept the offer. The offer will put Augusta`s issued equity at NZ$180 million for an enterprise value of $204 million. The offer price is an attractive premium for the last trade. Augusta`s independent directors agreed to recommend the offer unanimously, with the offer price being both in (or more) as part of an Independent Adverb Report (IAR) and without a general proposal. They also entered into three-year employment contracts with Augusta. Centuria informed Augusta that other Augusta shareholders, who represent 12.9% of Augusta`s property, have also committed to accept the offer. Augusta`s independent directors believe that today`s announcement and expected offer will not affect the funds managed by Augusta or the proposed issuance of securities in Augusta real estate and tourism funds initiated by Augusta. Augusta`s independent directors advise shareholders not to do anything at this stage and to wait for the issuance of the target company statement (which is expected to be published within the next 10 weeks). Augusta announced today that it has entered into a Bid (BIA) implementation agreement with Centuria, under which Centuria will make an offer from the supervisory authorities for 100% of Augusta`s shares, in accordance with the New Zealand Acquisition Code. Improved continuity and leadership for investors in Augusta funds: Directors Mark Francis and Bryce Barnett, who together hold 23.3% of the shares at Augusta, have committed to accept the offer and accept Centuria scrip.

They also entered into three-year employment contracts that provide continuity of management for Augusta employees and investors. September 26, 2019Media ReleaseAgusta has signed the queenstown Hotel Management Agreement with Radisson Hotel GroupAuckland, September 26, 2019. Augusta… In addition, Centuria informed Augusta that it had entered into agreements with other investors to the tune of 12.9% of Augusta`s shares to accept the offer. The purpose of this guide is to provide the vendor community with the basic information needed to participate in the purchasing process from Augusta Regional Airport to Bush Field. We hope this guide will provide you with useful information and look forward to the opportunity to do business with you and your business.