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LINK Group Link Administration Holdings Limited ABN 27 120 964 098 28 April 2021 Withdrawal of Consortium Proposal and updates on Link Group's trading performance and interest in PEXA Level 12 , 680 George Street Sydney NSW 2000 T +61 2 8280 7100 linkgroup.com Withdrawal of Consortium Proposal Link Administration Holdings Limited ( ASX : LNK ) ( Link Group ) refers to its announcement dated 12 October 2020 ( and various updates following that date ) advising that it had received a conditional , non - binding indicative proposal from a consortium comprising Pacific Equity Partners , Carlyle Group and their affiliates ( Consortium ) to acquire 100 % of the shares in Link Group ( Consortium Proposal ) . Link Group has been advised by the Consortium that it has withdrawn its Proposal . Update on Link Group's performance Link Group's FY21 financial performance and achievement of outcomes from the Global Transformation Program remain in line with expectations . Update on Link Group's interest in PEXA Link Group previously announced its intention to explore value realisation options for PEXA¹ with a view to maximising value for Link Group shareholders , which has included the commencement of a trade sale process of its stake in PEXA and the exploration of the viability of an IPO of the business in conjunction with the other PEXA shareholders ( Morgan Stanley Infrastructure Partners and Commonwealth Bank of Australia ) . Participants need to pre - register for the call at the below link : https://s1.c-conf.com/diamondpass/10013783-pl8i91.html ASX ANNOUNCEMENT Both the trade sale process and exploration of the viability of an IPO continue to progress positively . The trade sale process has attracted good interest and Link Group has received non - binding indications of interest better reflecting the underlying value of PEXA and significantly greater than the Consortium Proposal's implied enterprise value of approximately $ 1.95 billion for PEXA ( or $ 1.60 per Link Group share ) contained in the Consortium's all - cash alternative . Binding offers are expected during June 2021 . Analyst Briefing Link Group CEO & Managing Director , Vivek Bhatia , and Chief Financial Officer , Andrew MacLachlan , will host a briefing for analysts and investors at 9.30am today ( AEST ) . Conference call details The release of this announcement was authorised by the Link Group Board . ENDS Investor Relations Contact - Craig Curry , Link Group +61 403 747 901 Media Contact - Ben Wilson , GRACosway +61 407 966 083 Participants will receive a calendar invite and a unique PIN to access the call . To ask a question , participants will need to dial “ * 1 ” ( star , 1 ) on their telephone keypad . ¹ Link Group holds ( via its wholly owned subsidiary Link Property Pty Ltd ) a 44.18 % interest in Torrens Group Holdings Pty Ltd ( TGH ) . TGH is the ultimate holding company of PEXA .