Slide 1: Chair Address to Extraordinary General Meeting
ASX RELEASE 27 JULY 2023 CHAIR ADDRESS TO EXTRAORDINARY GENERAL MEETING OF ABACUS PROPERTY GROUP SECURITYHOLDERS Abacus Property Group (ASX:ABP) provides the attached Chair address to the Extraordinary General Meeting of Abacus Property Group Securityholders to be held at 10.30am (AEST) today. ENDS
Slide 2: Chair Address
ASX RELEASE ABACUS PROPERTY GROUP EGM CHAIR ADDRESS Sydney, 27 July 2023 Good morning, ladies and gentlemen. My name is Myra Salkinder and I am the Chair and a Non- Executive Director of Abacus Property Group. I will chair today’s Extraordinary General Meeting of Abacus Property Group Securityholder
Slide 3: Overview of the De-stapling Proposal
ASX RELEASE Board on De-stapling Implementation, which is intended to comprise a majority of independent directors. Turning now to an overview of the De-stapling Proposal, details of which along with the Notice of Meeting are outlined in the Transaction Booklet1 dated 19 June 2023. The De-stapling P
Slide 4: Growth Profile
ASX RELEASE growth profile, supported by high portfolio occupancy, a diversified lease profile and revenue streams from funds management activities of, and a strategic investment stake in, ASK. Following de-stapling, Abacus Group will continue to be an active investor and manager of commercial real
Slide 5: Key Updates Since the Transaction Booklet Date
ASX RELEASE The key updates since the Transaction Booklet Date are that: FIRB has provided on behalf of the Treasurer a confirmation of no objections to the ASK Stake Acquisition; and ASK has applied for a separate ASX listing with the target listing date expected to be Tuesday, 1 August 2023 an
Slide 6: Extraordinary General Meeting
EXTRAORDINARY GENERAL MEETING ABACUS PROPERTY GROUP 27 JULY 2023
Slide 7: Agenda
EXTRAORDINARY GENERAL MEETING Agenda 01 Chair address 02 Overview of the De-stapling Proposal 03 Resolutions 04 General Questions Storage King Epping, VIC
Slide 8: Abacus Property Group Board of Directors
ABACUS PROPERTY GROUP BOARD OF DIRECTORS Myra Salkinder Steven Sewell Trent Alston Mark Bloom Chair Managing Director Independent Non-Executive Non-Executive Director Director Myra is a Non-Executive Director and is a senior Steven was appointed Managing Director of Abacus Trent is a Non-Execu
Slide 9: Proposed ASK Board of Directors
PROPOSED ASK BOARD OF DIRECTORS ASK will be overseen by a majority independent Board of Directors John O’Sullivan Stephanie Lai Karen Robbins Independent Chair Independent Non-Executive Director Independent Non-Executive Director John has over 45 years' experience as a corporate lawyer, investment
Slide 10: Overview of the De-stapling Proposal
OVERVIEW OF THE DE-STAPLING PROPOSAL Storage King Robina, QLD
Slide 11: Background to the Proposal
BACKGROUND TO THE PROPOSAL Proposal delivers investors the ability to have a pure play exposure to Self Storage Abacus Property Group (‘Abacus’)1 has successfully managed and enhanced the Storage King brand to become the most recognised Self Storage Self Storage platform brand in Australia and New Z
Slide 12: ASK Will Continue to Be Managed by Abacus Group
ASK WILL CONTINUE TO BE MANAGED BY ABACUS GROUP On Completion of the Proposal, ASK will continue to benefit from Abacus Group’s strategic oversight, and corporate and listed market expertise Fund manager with a strategic stake of up Abacus Group (ASX:ABG)1 to 19.9% in ASK3 Management fees and invest
Slide 13: Abacus Group Post De-stapling
ABACUS GROUP POST DE-STAPLING Abacus Group will continue to be an active investor and manager of Commercial real estate A $2.5 billion eastern seaboard focused portfolio1 with exposure to markets with deep tenant pools (71% in Portfolio fundamentals Sydney and Melbourne) Commercial market fundamen
Slide 14: Positioning Abacus Storage King
POSITIONING ABACUS STORAGE KING Sector specific exposure to ASK’s $3.1 billion Investment Portfolio1 including the Storage King Platform Embedded Storage Fully integrated owner, operator and manager with demonstrated operational expertise from the King portfolio embedded Storage King operating pla
Slide 15: Conditions Precedent Status Update
CONDITIONS PRECEDENT STATUS UPDATE Conditions Precedent Status ASIC has granted, or agreed in principle to grant, the relief necessary to implement the Proposal (including the Offer) Regulatory approvals – ASIC, ASX, FIRB and any other required regulatory authority have been obtained ASX has gra
Slide 16: Resolutions
RESOLUTIONS Artist’s Impression Storage King Granville, NSW
Slide 17: Constitution Amendment Resolutions
RESOLUTIONS 1 – 6: CONSTITUTION AMENDMENT RESOLUTIONS Relating to amending the Constitution of each Abacus Property Group Entity to implement the Proposal and give effect to certain other amendments as outlined in the Transaction Booklet Resolution 1 “That, subject to and conditional on all other Re
Slide 18: Acquisition Resolution
RESOLUTION 7: ACQUISITION RESOLUTION For ASPT and ASOL securityholders to approve the acquisition of a relevant interest of 22.6% in each ASK entity Resolution 7 “That, subject to and conditional on all other Resolutions set out in this Notice being passed, for the purposes of item 7 of section 611
Slide 19: Stapling Deed Resolutions
RESOLUTIONS 8 – 10: STAPLING DEED RESOLUTIONS Seeking approval for the giving of financial benefits under the Abacus Group and ASK Stapling Deeds Resolution 8 Abacus Group Stapling Deed Resolution – “That, subject to and conditional on all other Resolutions set out in this Notice being passed, Abacu
Slide 20: Proposed Approval Resolutions
RESOLUTION 11: PROPOSED APPROVAL RESOLUTIONS Approve the giving of certain financial benefits between the Abacus Property Group Entities Resolution 11 Proposal Approval Resolutions “That, subject to and conditional on all other Resolutions set out in this Notice being passed, the Proposal described
Slide 21: General Questions
GENERAL QUESTIONS Storage King Brookvale, NSW
Slide 22: Thank You
THANK YOU Storage King Gregory Hills, NSW
Slide 23: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER Purpose The information contained in this presentation (Presentation) has been prepared in connection with the extraordinary general meeting of Abacus Property Group Securityholders that is being held on 27 July 2023 (EGM) to vote on the Proposal. The Proposal, if app
Slide 24: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER Forward looking statements Some of the statements appearing in this Presentation may be in the nature of forward looking statements. Forward looking statements or statements of intent in relation to future events in this Presentation should not be taken to be a foreca