Augusta Capital Ltd has again revised the arrival of its annual result – timed now to happen after 5pm on Friday.
A month ago, the property funds management company said it expected to release the result on Monday 29 June.
Company chair Paul Duffy said in today’s release Augusta wouldn’t hold a conference call on the result.
Despite its numerous setbacks this year – expensive failure to get new property funds through all their hoops, in particular – real estate agency Bayleys, which is handling promotion of Augusta’s proposed new Augusta Property Fund, told investors on Monday to expect investment in the fund to open in July, with funds due in September.
Meanwhile, Augusta’s independent directors’ committee has appointed KordaMentha to prepare the independent advisor’s report on Centuria Capital Group of Sydney’s proposed takeover of Augusta, and the Takeovers Panel has approved the choice.
That report is expected within 14 days of Centuria Capital sending its formal offer.
17 June 2020: Centuria returns to complete Augusta takeover
22 May 2020: Retail investors take up 68.4% of Augusta capital-raising
13 May 2020: Centuria nears 23% stake in Augusta
1 May 2020: Augusta forfeits one deposit, second one for property fund still at risk
28 March 2020: Augusta pulls Albany purchase, but property fund may be revived
27 March 2020: Augusta pulls property fund IPO
27 March 2020: Centuria ends Augusta bid
3 February 2020: Strong NZ connections already for Augusta bidder Centuria
Attribution: Company release.