Dexus Says Court Dissolves Injunctions, Forced Sale of Bloc Shares to Proceed

MT Newswires Live

Jun 12

Dexus (ASX:DXS) said a court has made orders dissolving injunctions previously referenced in its May 29 disclosure, meaning the forced sale process of the Dexus Bloc shares will continue, and its governance, board appointment, voting, and information rights are now suspended, subject to the determination of any appeal, according to a Friday Australian bourse filing.

On May 16, 2025, Australia Pacific Airports (APAC) accused Dexus of breaching confidentiality obligations during a sale process involving stakes in Melbourne and Launceston Airports. Dexus was appointed in 2024 to lead the sale on behalf of certain shareholders.

Dexus said that the senior counsel for one of the non-Dexus Bloc shareholders identified various risks and practical difficulties with proceeding with the forced sale process for the potential determination of any appeal, the filing added.

Dexus Bloc shareholders are open to approaching the NSW Court of Appeal to apply for any appeal until June 26, or to otherwise reach an agreement with APAC and the non-Dexus Bloc shareholders on satisfactory undertakings pending any appeal, it added.

The company's shares rose 1% in recent Friday trade.

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