Link Group Extraordinary General Meeting -PEXA In-Specie Distribution

Link Group proposes to distribute all of its 38.49% shareholding in PEXA Group Limited (PEXA) to Link Group’s shareholders (Distribution).

To implement the Distribution, Link Group will undertake a Capital Reduction, which may be accompanied by a Distribution Dividend, which will be satisfied by an in specie distribution of PEXA Shares to Eligible Shareholders (other than Selling Shareholders).

If the Distribution is approved, Eligible Shareholders (other than Selling Shareholders) will receive one PEXA Share for every 7.52 Link Group Shares held at the Record Date rounded down to the nearest whole PEXA Share. Link Group Shareholders who are not Eligible Shareholders, being Ineligible Overseas Shareholders, will have the PEXA Shares they are otherwise entitled to under the Distribution sold on the ASX by the Sale Agent with the proceeds remitted to them.

The Extraordinary General Meeting, at which Link Group Shareholders will vote on the Distribution, will be held through an online platform at https://meetings.linkgroup.com/LNKEG22 at 10.00am (Sydney time) on 23 December 2022.

Capitalised terms have the meaning given to them in the Explanatory Memorandum.

Explanatory Memorandum

You can access a copy of the Explanatory Memorandum and Online Platform Guide from this website.

It is important that you read the Explanatory Memorandum, including the notice of Explanatory General Meeting which contains information on the Distribution, the resolution to be voted on and instructions on how to vote.

The Explanatory Memorandum also contains reasons for the Link Group Board’s unanimous recommendation for shareholders to vote in favour of the Distribution, an Investigating Accountant’s Report and an Independent Expert’s Report.

How you can vote

There are a number of ways you may vote. You may vote by:

  • direct vote or proxy, submitting a direct or proxy vote prior to the Extraordinary General Meeting by following the instructions available on the Investor Centre (login via www.linkmarketservices.com.au); or
  • attending via the online platform, and voting during the Extraordinary General Meeting using our online platform accessible at https://meetings.linkgroup.com/LNKEG22.
  • attorney, by appointing an attorney to participate in and vote at the Extraordinary General Meeting on your behalf and providing a duly executed power of attorney to the Link Share Registry by 10.00am (Sydney time) on 21 December 2022; or
  • corporate representative, in the case of a body corporate, appointing a body corporate representative to participate in and vote at the Extraordinary General Meeting on your behalf, and providing a duly executed “Appointment of Corporate Representative” form (in accordance with sections 250D of the Corporations Act) prior to the Meetings.

If you wish to vote prior to the Extraordinary General Meeting, in order for your direct vote or proxy vote to be effective, it must be received by 10:00am (Sydney time) on 21 December 2022.

Further details on how to participate and vote in the Extraordinary General Meeting are set out in the Notice of Extraordinary General Meeting and in the Online Platform Guide.

Sale Facility

If you are an Eligible Shareholder who individually holds 1000 or fewer Link Group Shares as at the Record Date, you may elect to have all the PEXA Shares that you would otherwise receive under the Distribution sold by the Sale Agent and the proceeds remitted to you, free of any brokerage costs.

To make this election, you may either submit your election online at https://events.miraqle.com/lnk-offer or complete and return the Sale Facility Form which accompanies the Explanatory Memorandum so that it is received by the Link Group Share Registry by 5.00pm (Sydney time) on 28 December 2022. You may use the reply paid envelope enclosed with the Explanatory Memorandum.

Further details on the operation of the Sale Facility and how to opt-in are contained in the Explanatory Memorandum.

For further information

For more information, please refer to the Explanatory Memorandum. If you have any questions, or if you would like to obtain a hard copy of the Explanatory Memorandum and the Notice of Extraordinary General Meeting, please contact the Shareholder Information Line on 1800 237 687 (within Australia) or +61 1800 237 687 (outside Australia) between 8:30am and 5:30pm (Sydney time), Monday to Friday.