BBP babcock & brown power

Ann: Suspension from Official Quotation , page-3

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    Babcock & Brown Power – Request for Voluntary Suspension
    Pursuant to Listing Rule 17.2, Babcock & Brown Power Limited and Babcock & Brown
    Power Services Limited as responsible entity for Babcock & Brown Power Trust (“BBP”)
    request a voluntary suspension in respect of its stapled securities (ASX:BBP), effective
    from the commencement of trading this morning, Friday 15 May 2009.
    Further to the announcement that BBP expects to release later today in connection with
    the conclusion of a transaction and a revised FY09 EBITDA guidance, BBP requests a
    voluntary suspension of trading. The reason for the suspension is that BBP is in the
    process of ongoing discussions with its banking syndicate in relation to ascertaining a full
    understanding of the implications of the revised guidance on BBP’s banking facilities.
    These discussions are currently incomplete and thus BBP is unable to make an
    immediate announcement pending their finalisation.
    It is expected that the suspension will end when BBP is in a position to make a further
    announcement in relation to those discussions, which is expected to be by the end of next
    week (i.e. by Friday, 22 May 2009).
    BBP is not aware of any reason why the suspension from quotation should not be granted
    or of any other information necessary to inform the market about the suspension.
 
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