Key details of the upcoming meeting and resolutions

Global Data Centre Group (ASX: $GDC) has notified its investors of a physical Meeting of Members to be held at 10.00am (AEST) on Wednesday, 10 July 2024 at Sundaraj & Ker, Level 31, Australia Square, 264 George Street, Sydney. The meeting will consider the disposal of the Group's interest in ETIX to Infranity Equity Fund SCA SICAV-RAIF and the approval of an on-market buy-back of up to 15% of the issued Stapled Units during the 12-month period from the date of the Meeting. All Proxy Forms must be received no later than 10.00am (AEST) on Monday, 8 July 2024.

Executive commentary on the Proposed Transaction and the Buy-Back

The Proposed Transaction involves the disposal of the Group's interest in ETIX to Infranity Equity Fund SCA SICAV-RAIF. The Responsible Entity recommends the approval of Resolution 1 to proceed with the Proposed Transaction, citing potential advantages such as realizing the current and inherent value of the ETIX business and aligning with the Current Strategy approved by Members in 2023. The Directors believe that the Proposed Transaction is in the best interests of all Members. Additionally, Resolution 2 seeks Member approval for an on-market buy-back, providing flexibility in returning surplus capital to Members following the Proposed Transaction.

Summary of the Proposed Transaction and outlook

The upcoming Meeting of Members of Global Data Centre Group will address the Proposed Transaction involving the disposal of the Group's interest in ETIX and the approval of an on-market buy-back. The Responsible Entity aims to proceed with the Proposed Transaction to realize the value of the ETIX business and align with the Current Strategy approved by Members in 2023. The Group intends to distribute the proceeds of the Proposed Transaction to Members and continue to pursue the Current Strategy. The on-market buy-back, if approved, will provide flexibility in returning surplus capital to Members following the Proposed Transaction, offering an effective and cost-effective method of capital return.