Ann: Wind-up of APDC Trust - Meeting Booklet, page-7

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Smurph

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02/01/18

21:11

Post #: 29994536
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Originally posted by sicole ↑

Not sure there's much difference between a sale process initiated under the windup proposal and that from the current expressions of interest process. Timeframes under the windup are no faster as can be delayed to ensure best outcome. NXT has first right of refusal for prices less than those it initially rejected under both processes. However, a windup does prevent AJD recycling proceeds into other ventures/investments. Suspect this is NXTs real objective - to set a final price to get rid of TGP once and for all. Good to see the NAB facility drawdown is delayed - presumably will allow the bank to squeeze TGP on finance costs in the interim. Meanwhile NXT keeps steaming ahead 5MW of sales in S2 alone - which shorter was trying to raise fear re contract renewals after their initial 5 year terms? If Metronodes 21MW and $60m rev was worth $1b then NXTs value is double digits!

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Regarding the first right of refusal, now that we have rejected the 300mil sale price, if a buyer steps up and says they will pay 260mil for example, if ajd accept that price does that mean NXT gets the opportunity to buy at that price first?

NXT Price at posting: $5.97 Sentiment: Buy Disclosure: Held
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Last $14.23		Change 0.005(0.04%)		Mkt cap ! $9.157B

Open	High	Low	Value	Volume
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17	4309	14.230
16	4328	14.220
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16	4688	14.200

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Ann: Wind-up of APDC Trust - Meeting Booklet, page-7

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Ann: Wind-up of APDC Trust - Meeting Booklet, page-7

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