ASX:NSR

5 stories mentioning ASX:NSR

Every FINWIRES story that references ASX:NSR, newest first.

National Storage REIT Implements Scheme for Takeover by Brookfield, GIC

National Storage REIT's (ASX:NSR) share scheme of arrangement and trust scheme, under which a Brookfield Funds and GIC-led consortium would acquire all of the stapled securities in National Storage, was implemented on Friday, according to a same-day Australian bourse filing.Iridium SP BidCo now holds all of the shares on issue in National Storage Holdings, while ITG Australia TS Sub as trustee for Iridium SP Bid Trust now holds all of the units on issue in National Storage Property Trust.The scheme consideration of AU$2.80 cash per National Storage security held as of April 29 was paid to scheme security holders.National Storage plans to apply for its removal from the official list of the ASX with effect shortly after the implementation of the schemes.

ASX:NSR

Asia49d ago

ASX Most Active Stocks

Here are the five most actively traded big-cap stocks on the Australian Securities Exchange on Monday.National Storage REIT (ASX:NSR): 129.6 million sharesEQ Resources (ASX:EQR): 24.7 million sharesArafura Rare Earths (ASX:ARU): 13.8 million sharesPLS Group (ASX:PLS): 8.4 million sharesLiontown Resources (ASX:LTR): 7.9 million shares

ASX 200ASX:ARUASX:EQRASX:LTRASX:NSRASX:PLS

Asia55d ago

National Storage REIT Says New South Wales Court Approves Brookfield, GIC Takeover Scheme

National Storage REIT (ASX:NSR) confirmed that the Supreme Court of New South Wales has approved the share scheme of arrangement and granted judicial advice for the trust scheme, enabling a Brookfield Funds and GIC-led consortium to proceed with the acquisition of all the company stapled securities, according to a Tuesday Australian bourse filing.The schemes are now legally effective following lodgment with the Australian Securities and Investments Commission, and the company's securities are expected to be suspended from trading at the close of trading on Tuesday, per the filing.The scheme record date is April 29, with implementation scheduled for May 8, when security holders will receive the scheme consideration, the filing added.

ASX:NSR

Asia61d ago

National Storage REIT Securityholders Approve Brookfield, GIC Takeover Scheme

National Storage REIT (ASX:NSR) secured strong shareholder backing, with about 98% of votes cast in favor of the transaction resolutions, advancing the proposed acquisition by a consortium led by Brookfield Asset Management and GIC to acquire all issued company securities, according to a Wednesday Australian bourse filing.The transaction still requires final approval from the Supreme Court of New South Wales at a hearing scheduled for April 21, per the filing.Upon court approval, the scheme is expected to become legally effective on that date, and the company securities are expected to be suspended from trading on the Australian Securities Exchange at the close of trading on April 21, the filing added.

ASX:NSR

Asia62d ago

National Storage REIT Says Second Court Hearing for Acquisition by Brookfield, GIC Consortium Slated for April 21

National Storage REIT (ASX:NSR) said the court hearing to approve the acquisition of all the shares of National Storage by Iridium SP BidCo and ITG Australia TS Sub as trustee for Iridium SP Bid Trust and grant a second judicial advice will take place on April 21 in the Supreme Court of New South Wales, according to a Tuesday Australian bourse filing.The bidders are entities established and jointly indirectly owned by a consortium of funds owned or managed by Brookfield Asset Management or its affiliates and their managed funds, as well as affiliates of GIC. Under the deal, the REIT's shareholders will receive AU$2.86 in cash per stapled security.National Storage's security holders have the right to appear and be heard at the court hearing and may oppose the approval of the scheme or the granting of the judicial advice, the filing noted.

ASX:NSR