DGAP-Ad-hoc: Dexus Finance Pty Limited / Key word(s): Corporate Action Dexus Finance Pty Limited: Appendix 3C - Announcement of buy-back 23-Oct-2019 / 02:17 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
Dexus (ASX: DXS)
23 October 2019
On-market securities buy-back
Dexus announces plans to initiate a new on-market securities buy-back ('buy-back') of up to 5% of DXS securities over the next 12 months, as part of its active approach to capital management.
Darren Steinberg, Dexus Chief Executive Officer said: "The buy-back has been reinstated as a result of recent market volatility providing us with the opportunity to enhance investor returns."
Dexus intends to fund the buy-back from existing debt facilities.
Please refer to the full Appendix 3C announcement available at www.dexus.com/investor-centre for further information relating to the buy-back
For further information please contact:
Information and Explanation of the Issuer to this News:
Dexus is one of Australia's leading real estate groups, proudly managing a high quality Australian property portfolio valued at $31.8 billion. We believe that the strength and quality of our relationships is central to our success, and are deeply committed to working with our customers to provide spaces that engage and inspire. We invest only in Australia, and directly own $15.6 billion of office and industrial properties. We manage a further $16.2 billion of office, retail, industrial and healthcare properties for third party clients. The group's circa $8.7 billion development and concept pipeline provides the opportunity to grow both portfolios and enhance future returns. With 1.7 million square metres of office workspace across 53 properties, we are Australia's preferred office partner. Dexus is a Top 50 entity by market capitalisation listed on the Australian Securities Exchange (trading code: DXS) and is supported by 26,000 investors from 19 countries. With 35 years of expertise in property investment, development and asset management, we have a proven track record in capital and risk management, providing service excellence to tenants and delivering superior risk-adjusted returns for investors. www.dexus.com
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23-Oct-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
|Company:||Dexus Finance Pty Limited|
|264 George Street|
|Phone:||+61 2 9017 1100|
|Fax:||+61 2 9017 1101|
|Listed:||Regulated Unofficial Market in Frankfurt|
|EQS News ID:||894511|
|End of Announcement||DGAP News Service|
894511 23-Oct-2019 CET/CEST