BWP Trust (AU:BWP) has released an update.
BWP Trust has increased its voting power in Newmark Property REIT from 86.32% to 87.61% through an off-market takeover bid, acquiring additional ordinary shares. The change occurred on April 23, 2024, with BWP offering 0.4 units for every 1 NPR ordinary security under the terms of the offer. This strategic move consolidates BWP’s substantial holding and reinforces its influence in the company.
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