LONDON--Supermarket group Tesco PLC (TSCO.LN) said Monday that
the unitholders of the Tesco Lotus Retail Growth Freehold and
Leasehold Property Fund, or TLGF, have approved the proposed
injection of five additional Tesco Lotus-anchored shopping malls
into the Thailand-listed property fund.
MAIN FACTS:
-At an Extraordinary General Meeting on Oct. 5, TLGF unitholders
approved the issuance and allocation of up to 650 million new
investment units on a public offering basis.
-Details related to the proposed offering, including the final
number of new investment units offered, final offering price, the
offering period and subscription details will be determined and
publicly announced at later dates.
-Shares at 0803 GMT, down a penny, or 0.25%, at 315 pence
valuing the company at GBP25.3 billion.
-Write to Rory Gallivan at rory.gallivan@dowjones.com; Twitter:
@RoryGallivan
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