Proposed privatisation approved by unitholders
Unitholders of Paragon REIT have voted in favour of the Trust Scheme of Arrangement to privatise and delist Paragon REIT at the EGM and Scheme Meeting held on 22 April.
The resolution to amend the Paragon Trust Deed was passed, with 98.77% of the total number of votes cast by Unitholders present and voting in person or by proxy voting in favour.
The resolution to approve the Paragon Scheme was also passed, with 82.78% of the total number of Unitholders present and voting in person or by proxy, and 97.57% of the total value of units held by Unitholders present and voting in person or by proxy, voting in favour.
Proposed privatisation by Cuscaden Peak and manager of Paragon REIT
On 11 February 2025, Cuscaden Peak and the manager of Paragon REIT jointly announced the proposed privatisation and delisting of Paragon REIT at a scheme...