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Irongate Group enters into scheme implementation agreement
Listed property group Irongate Group has been advised on its entry into a scheme implementation agreement with a partnership managed by Charter Hall.
Jerome Doraisamy
Firm: King & Wood Mallesons (Irongate Group (ASX: IAP))
Furthermore, if approved and implemented, KWM noted in a statement, IAP securityholders will receive cash consideration of $1.90 per IAP stapled security under the schemes and will retain entitlement to the distribution for the period ending 31 March 2022 up to 4.67¢ per IAP stapled security.
Area: M&A
Value: N/A
Key players: The KWM team was led by partners Daniel Natale and David Friedlander, supported by senior associate Jennifer Cheung and solicitors Megan Fung and Wendy Yuan.
Deal significance: Speaking about the transaction, Mr Natale said: “We were thrilled to work alongside Irongate Group on these schemes which also reflects the first significant REIT public M&A deal for the year.
“We look forward to working with the board and management team to deliver this result for unitholders.”
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly and HR Leader. He has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. In June 2024, he also assumed the editorship of HR Leader. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of the Minds Count Foundation.
You can email Jerome at:
