Growthpoint Interactive Half Year Report 2018

Growthpoint Properties Australia 2018 Half Year Report 49 Portfolio Review Financial Report Additional Information Financial Management Business Overview Director transactions A number of directors, or their related parties, hold positions in other entities that result in them having control or significant influence over the financial or operating policies of those entities. One of these entities transacted with the Group in the reporting period. The terms and conditions of the transaction were no more favourable than those available, or which might reasonably be expected to be available, on similar transactions with non-related parties on an arm’s length basis. The aggregate value of transactions and outstanding balances relating to directors and entities over which they have significant control or significant influence were as follows: Director Transaction Half year 2017 Half year 2016 $ $ G. Jackson (i) Valuation 59,500 36,142 Aggregate amounts payable at the reporting date valuations 35,250 22,500 (i) The Group used the valuation services of m3property, a company that Mr Jackson is a director of, to independently value 6 properties (2017: 7). Amounts were billed based on normal market rates for such services and were due and payable under normal payment terms and Mr Jackson was not directly involved in the Group’s engagement of m3property. 4.2 Subsequent events On 17 January 2018, the Group announced that the issue price for securities to be issued under the DRP for the distribution to be paid on or around 28 February 2018 will be $3.29 per stapled security. Approximately 71.9% of Growthpoint’s distribution payable on or around 28 February 2018 will be issued new stapled securities under the DRP raising, after allowing for withholding tax, $52.3 million for the issue of 15.9 million new stapled securities. Total stapled securities on issue following the DRP will be approximately 677.6 million. Other than noted above, there has not arisen a transaction or event of an unusual nature likely to affect significantly the operations of the business, the results of those operations or the state of affairs of the entity in future financial years from the end of the interim period to the date of this report. 4.3 Cash and cash equivalents Cash and cash equivalents includes a balance of $2,180,000 (30 June 2017: $ 2,215,000) in restricted cash which is being held by the Company as the custodian of the Charles Street Property Trust. These funds are not available for general use by the Group. 4.1 Related party transactions (continued)