Board of Directors have accepted the ESR Offer in respect of Propertylink securities they hold or control.
ESR Property is aprivate equity real estate giant.
Collectively, the Directors of Propertylink hold or control approximately 2 per cent of Propertylink’s securities on issue.
Propertylink’s Directors unanimously recommend that securityholders accept the $1.20 per security cash offer, in the absence of a superior proposal.
The ESR offer will remain open until 7:00pm (Sydney time) on 31 January 2019.
Shares in Propertylink’s (ASX:PLG)
closed flat at $1.19 yesterday.