WESTFIELD Retail Trust (WRT) shareholders are eagerly waiting for the outcome of a Supreme Court application over merger plans by the shopping centre giant.
Westfield is seeking approval to conclude an investor vote on a controversial proposed merger with the Australasian business of Westfield Group.
The planned merger hit a brick wall last week when the shareholder vote was postponed at the last minute amid heated debate about its merits.
WRT is in the Supreme Court in Sydney on Tuesday afternoon, seeking approval to send documents to securityholders ahead of a rescheduled vote.
Details of the date and venue for the conclusion of the meeting are included in the documents, which are likely to be made public soon after court approval is granted.
But a spokeswoman on Tuesday night said no date had been yet set for a fresh vote.
"I can confirm that we have not confirmed a date," the spokeswoman said. "When a date has been confirmed, we will send out a (media) release."
The spokeswoman's comments come despite a media report that June 20 had been set for fresh meeting and vote.
Under the restructure plan, Westfield's Australian and New Zealand businesses would merge with WRT to create a new entity, to be called Scentre.
Westfield Group's international business, which includes malls in Great Britain and at Westfield World Trade Center being built in New York, would become Westfield Corporation.
A significant number of WRT securityholders believe the proposed restructure favours Westfield Group to the detriment of WRT, and a number of proxy votes lodged last week by WRT securityholders in favour of the proposed merger fell just short of what was needed to push the restructure over the line.
Shortly before WRT investors were due to vote, Mr Lowy said Westfield Group would still seek to split its Australasian arm from its international business even if WRT securityholders did not approve the planned merger.
Proxies lodged before the original meeting will remain valid, but securityholders will be allowed to lodge new proxy votes if they have changed their view on the proposal, the company has said.
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