Precinct Properties New Zealand Ltd Internalisation Corporate Call Transcript
Thank you for standing by, and welcome to the Precinct Properties Update Conference Call. (Operator Instructions)
I would now like to hand the conference over to Mr. Craig Stobo, Chairman. Please go ahead.
Thank you, Bernard. Good morning, everybody, and welcome to the briefing for the announcement we have made this morning regarding the internalization of Precinct Properties. I'm Craig Stobo and I'm the Chairman of Precinct, and it is a great pleasure to be here with you this morning.
In attendance with me is Scott Pritchard, Precinct's CEO; George Crawford, Precinct's Deputy CEO; Richard Hilder, our CFO; and Dan (inaudible), Head of Analytics.
If I just turn to the slides that you have in front of you, Page 2 of the presentation sets out the key details of the transaction. We're delighted to announce that we have reached agreement with the shareholders of a management company, AHML to terminate the management services agreement and
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