Investor Presentaiton
Glossary of terms¹
Investec
Australia Property Fund
Term
Meaning
$ or AUD
AAS
AFFO
AFSL
ASIC
ASX
Australian dollars, being the lawful currency of Australia.
Australian Accounting Standards and other authoritative announcements issued
by the Australian Accounting Standards Board.
Adjusted funds from operations, calculated in line with the Property Council
Guidelines, being FFO adjusted for maintenance capital expenditure, cash and
cash equivalent incentives (including rent free incentives) given to tenants
during the period and other one-off items which have not been adjusted in
determining FFO.
Australian financial services licence issued under the Corporations Act.
Australian Securities and Investments Commission.
ASX Limited (ACN 008 624 691) and, where applicable, the Australian securities
exchange operated by ASX Limited.
Term
Competing
Proposal
Meaning
Any proposal by a third party in relation to a transaction or arrangement under
which if such transaction or arrangement is completed:
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•
•
•
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a person would acquire (directly or indirectly) or become the holder of, or
otherwise have a right to acquire or have an economic interest in the whole
or a substantial part of the business conducted by IAPF I or IAPF I's assets
or its related bodies corporate;
a person would acquire a relevant interest in, or voting power of, 50% or
more of all IAPF | Units on issue;
a person would acquire (directly or indirectly) control of IAPF I within the
meaning of section 50AA of the Corporations Act;
a person would otherwise acquire, or merge or amalgamate with, IAPF I; or
IAPF I would be required to abandon or otherwise fail to proceed with the
Proposal.
The conditions of the Proposal set out in the Implementation Deed and detailed
in Section 2.10 of the Explanatory Memorandum.
Corporations Act 2001 (Cth).
Conditions
ASX Guidelines
ASX Corporate Governance Council's Corporate Governance Principles and
Recommendations, as amended from time to time.
AUM
Assets under management.
Corporations
Board
The board of Directors, as further detailed in Section 5.2 of the Explanatory
Memorandum.
Act
Director
A director of the Responsible Entity.
CIS Act
Collective
Investment
Scheme
Collective Investment Schemes Control Act, No. 45 of 2002 of South Africa.
A collective investment scheme as defined in section 1 of the CIS Act.
EBIT
Explanatory
Memorandum
Earnings before interest and tax.
The explanatory memorandum in relation to the Proposal dispatched on 20
October 2020.
1. Capitalised terms not defined in this presentation are defined in the Explanatory Memorandum
Investec Australia Property Fund | Internalisation and funds management proposal
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