Personnel from BIP and ex PIH are guilty for not keeping former EPS holders fully informed ever since the recapitalisation, as there was never anything at all issued to formalise a person's relevant holdings in AET&D.
Clause 3.1 of the AET&D Option deed poll dated 12 November 2009: RMG Promisor Pty Limited (ACN 140 257 969) has undertaken, subject to the terms and conditions set out therein, to pay each 'EPS holder' its portion of any 'AET&D Net Proceeds', being a payment which will be calculated by reference to the number of EPS recorded in the register held by that 'EPS Holder' as at the 'Record Time' (being 16 November 2009). In order to calculate your interest you will need to divide the number of EPS that were beneficially held by you on 16 November 2009 by 778,656,840 (Your Percentage Holding).
All I have ever been able to obtain regarding my eligibility for proceeds from AET&D sale is the following email response from Paul Sim, Deputy General Council: "In response to your question, if you held EPS as at 7pm on the date of the EPS meeting (16 November 2009), then you do not need to do anything to "register" your interest in the net proceeds of AET&D (if any)."
Quite a long time has now passed since 16 November, 2009 and with no formal notification having been issued to holders, the people driving this and running it through would have figured that the holders would have all but forgotten, plus they would also be very fragmented, so nice and easy to push this through on their terms.
So a co-ordinated effort from as many as possible ex EPS holders interests will deliver the best chance of a much more positive outcome 1 Yes 2 A few million 3 Yes
PIH Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
