Dexus (ASX:DXS) Secures Injunction in APAC Governance Dispute
Legal Action and Injunction
Dexus has obtained an injunction against Australia Pacific Airports Corporation (APAC), temporarily lifting the suspension of governance, voting, and information rights of the Dexus Bloc Shareholders. This injunction prevents any valuation of shareholder interests and forced sales while the dispute is being determined.
Details of the Proceedings
Dexus filed proceedings in the New South Wales Supreme Court contesting the validity of a recent notice from the APAC Board. The court hearing is scheduled for 11 and 12 August 2025. In exchange for the injunction, Dexus has committed to paying any damages if its claim does not succeed.
Future Outlook
Dexus continues to assess the potential impacts of the matter and will provide further updates in accordance with its disclosure obligations.
Motley Fool contributor Lauren Surplice has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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