BWP Trust's Offer to Merge with Newmark Property REIT

BWP Trust (ASX: $BWP) has extended its off-market takeover offer under Chapter 6 of the Corporations Act 2001 (Cth) for all of the stapled securities in Newmark Property REIT (ASX: $NPR) until 7.00pm (Sydney time) on Wednesday, 24 April 2024. As of 11 April 2024, BWP owns 137,819,201 NPR Securities, representing 77.50 per cent of NPR Securities on issue.

Director's Commentary on Offer Extension

The Offer to merge with Newmark Property REIT has been extended to allow NPR Securityholders more time to consider and respond to the Offer. We believe this extension will provide an opportunity for NPR Securityholders to make an informed decision regarding the Offer. We encourage NPR Securityholders with any questions to contact the Securityholder Information Line for assistance.

Summary of BWP Trust's Offer and Outlook

BWP Trust (ASX: $BWP) has extended its off-market takeover offer to merge with Newmark Property REIT, demonstrating its commitment to the proposed merger. With 77.50% ownership of NPR Securities, BWP Trust aims to provide NPR Securityholders with ample time to evaluate the Offer. The extension reflects BWP Trust's dedication to engaging with NPR Securityholders and facilitating a transparent process. The outlook remains focused on the successful completion of the merger, aligning with BWP Trust's strategic objectives and commitment to creating value for its stakeholders.