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NEXTDC Limited (ASX: NXT) On-Market Takeover Bid for Asia Pacific Data Centre Group (ASX: AJD)

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Asia Pacific Data Centre Holdings Limited and Asia Pacific Data Centre Trust

NEXTDC Limited (ASX: NXT) On-Market Takeover Bid


Asia Pacific Data Centre Group (ASX: AJD) and NEXTDC Limited (ASX: NXT) have entered into a bid implementation agreement (Bid Implementation Agreement) relating to an, all-cash, on-market takeover bid by NEXTDC Limited (NEXTDC) to acquire all of the securities in AJD which it does not already own (NEXTDC Offer). NEXTDC currently holds an interest in 29.2% of the AJD securities.


The Bidder's Statement, which NEXTDC released via the ASX platform today, will be sent to AJD securityholders in the next 14 days. AJD will then issue its Target's Statement within 14 days.


The offer price under the NEXTDC Offer is $2.00 cash per security (Offer Price).

AJD securityholders will also be entitled to a special distribution of $0.02 per security payable on 14 November 2018, with a record date of 12 October 2018 (Special Distribution). To ensure they receive the Special Distribution, AJD securityholders must be on the AJD register of securityholders on 10 October 2018. Accordingly, AJD securityholders who wish to receive their Special Distribution, should not dispose of their AJD securities until the securities trade "ex" the Special Distribution. It is expected that the AJD securities will trade "ex" the Special Distribution on 11 October 2018.


AJD securityholders will be entitled to the Special Distribution irrespective of the NEXTDC Offer. The NEXTDC Offer will also have no impact on the September quarterly distribution of $0.02 per security, which was declared on 20 September 2018 and is payable on 25 October 2018, with a record date of 28 September 2018.


NEXTDC has stated it will offer to buy on market all securities which it does not already hold at the Offer Price from today until the close of the NEXTDC Offer.


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Currently two buyers for AJD 81,656,599 shares at $2.00




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