
Perth Markets
Brisbane Markets Limited Sell-Down
September 2016
As part of the industry bid for Market City by Perth Markets Limited (PML), cornerstone investor Brisbane Markets Limited granted an option over 5 million securities, which would allow other industry-affiliated and Western Australian-based investors the ability to acquire an additional interest in PML. The call option was exercised in September 2016 and all 5 million securities were transferred to new and other existing PML investors.
Azure acted as lead manager to the sell-down.