Galipea Partnership and its affiliates have taken steps to simplify their interest in AGL. Relevantly, GalipeaPartnership now holds a relevant interest in 75,883,390 fully paid ordinary shares in AGL (Shares) representing11.28% of Shares on issue. Galipea Partnership has invested approximately $650 million to build its relevantinterest of 11.28% in Shares, with close to $600 million funded with cash and the remainder in debt.
So he brought the stake that he had the option over for $8.75 a share.
Galipea Partnership continues to hold cash settled put andcall options with JPM in relation to 8,117,552 reference Shares. These cash settled options do not give GalipeaPartnership any relevant interest in AGL.4. The securities lending agreement between
So MCB has had a crack and now owns the largest stake in AGL, he most likely needs more shares to scuttle the demerger unless a friendly also owns shares
AGL Price at posting:
$8.64 Sentiment: Buy Disclosure: Held
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