Global Data Centre Group's divestment of AirTrunk

Global Data Centre Group (ASX:GDC) has announced the divestment of its indirect investment in AirTrunk. The divestment involves the sale of the entirety of their respective equity interests, totalling 88% in aggregate in AirTrunk, to a consortium of investors led and managed by Blackstone, along with the Canada Pension Plan Investment Board. GDC, as a unitholder in a fund managed by Macquarie Asset Management, is a passive investor in the fund and was not involved in the negotiations relating to the Transaction. The proceeds from the Transaction are anticipated to be approximately A$123 million, equating to approximately $1.59 per security. The closing of the Transaction is conditional upon regulatory approval by the Australian Foreign Investment Review Board. GDC intends to distribute the proceeds available from the Transaction to securityholders after closing. No decision has been made as to the future operations of GDC following the distribution of proceeds available from the Transaction and from the sale of its other assets, Etix Everywhere and Perth Data Centre.

Executive Commentary on the Divestment

The Group's divestment of its indirect investment in AirTrunk marks a significant development for GDC. As a passive investor in the fund managed by Macquarie Asset Management, GDC was not directly involved in the negotiations leading to the divestment. However, the anticipated proceeds from the Transaction are expected to provide value to GDC and its securityholders. The decision to distribute the proceeds available from the Transaction to securityholders after closing demonstrates the Group's commitment to delivering returns to its investors. The future operations of GDC following the distribution of proceeds available from the Transaction and from the sale of its other assets, Etix Everywhere and Perth Data Centre, are yet to be determined.

Summary of Global Data Centre Group's Announcement

Global Data Centre Group (ASX:GDC) has announced the divestment of its indirect investment in AirTrunk, with anticipated proceeds of approximately A$123 million. The closing of the Transaction is subject to regulatory approval by the Australian Foreign Investment Review Board. Following the closing, GDC intends to distribute the proceeds available from the Transaction to securityholders. The Group has not made a decision regarding its future operations after the distribution of proceeds from the Transaction and the sale of its other assets, Etix Everywhere and Perth Data Centre. The divestment represents a strategic move for GDC, and the anticipated proceeds are expected to provide value to the Group and its securityholders. The outlook for GDC's future operations will depend on the distribution of proceeds and the strategic direction the Group chooses to pursue.