DGAP-Ad-hoc: Dexus Finance Pty Limited / Key word(s): Transaction in Own Shares Dexus Finance Pty Limited: On market buy back and cancellation of securities 01-Apr-2020 / 05:52 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)
1 April 2020
On-market buy-back and cancellation of securities
Dexus Funds Management Limited as Responsible Entity of Dexus (DXS) advises that since the previous notification of the cancellation of securities on 7 January 2020, a further 5,199,296 securities have been cancelled.
Following the cancellation, there are 1,091,202,163 DXS securities on issue.
Authorised by Brett Cameron, General Counsel and Company Secretary of Dexus Funds Management Limited 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 $33.8 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 $16.8 billion of properties, with a further $17.0 billion of properties managed on behalf of third-party clients. The group's $11.2 billion development pipeline provides the opportunity to grow both portfolios and enhance future returns. With 1.8 million square metres of office workspace across 55 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 27,000 investors from 20 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. At December 2019, Dexus's gearing (look-through) was 25.5% which is below the 30-40% target range with a debt duration of 7.4 years, $1.3 billion of cash and committed undrawn bank facilities available and minimal debt financing requirements with circa $400m of debt maturing in late FY21. www.dexus.com
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Dexus Funds Management Ltd ABN 24 060 920 783, AFSL 238163, as Responsible Entity for Dexus (ASX: DXS) Level 25, 264 George Street, Sydney NSW 2000
01-Apr-2020 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:||1012337|
|End of Announcement||DGAP News Service|
1012337 01-Apr-2020 CET/CEST