GMT Secures Unitholder Approval | New Zealand
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GMT Secures Unitholder Approval

Tuesday, 5 August 2014

Goodman (NZ) Limited, the Manager of Goodman Property Trust (“GMT” or “Trust”), is pleased to announce the voting result from the Annual Meeting held today.

The extraordinary resolution, amending the management fee structure of the Trust, was approved by Unitholders.

Of the 313,643,032 Units voted in the formal poll, 99.79% were in favour of the resolution and 0.21% against.

Following the result the Trust Deed amendments required to facilitate the fee changes described in the Notice of Meeting  dated 15 July 2014 have been implemented.

The supplemental deed amending GMT’s Trust Deed has been approved by the Trustee, Corporate Trust Limited, and a copy has been provided to the NZX.

About Goodman Property Trust: 

GMT is an externally managed unit trust, listed on the NZX. It has a market capitalisation of around $1.3 billion, ranking it in the top 15 of all listed investment vehicles. The Manager of the Trust is a subsidiary of the ASX listed Goodman Group, Goodman Group are also the Trust’s largest investor with a cornerstone unitholding of 17.6%. GMT is New Zealand’s leading industrial and business space provider. It has a substantial property portfolio with a value in excess of $2.0 billion that accommodates around 260 customers. The Trust holds an investment grade credit rating of 
BBB from Standard & Poor’s.