ARA LOG unitholders give go ahead for scheme resolution and amendment of the trust deed

During the EGM, 62.9% of the unitholders present, holding 92.46% of the total number of units in (ALOG) voted in favour of the scheme resolution.

The 92.46% translates to 494.08 million units in ALOG, out of the total of 534.37 million units in the REIT.

Unitholders holding 94.75% of the units in ALOG have also approved the amendment of the trust deed.

Both resolutions have been passed and the merger will be going ahead, subject to court approval.

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Units in ALOG last traded at 82.5 cents before its trading halt on the morning of March 21.

Photo: ALOG