I was having trouble just understanding what happened to this co.
Here is an extraction from one of the co's reports - might help someone else too
• Convert the exchangeable preference securities (“EPS”) (ASX Code: BEPPA) into
stapled securities in the Group.
• Staple units in Prime Infrastructure Trust 2 (formerly known as Prime SPARCS
Trust) (ARSN 108 288 204) (“Trust”) to existing stapled securities in the Group.
• Issue stapled securities pursuant to a cornerstone placement.
• Issue stapled securities pursuant to a fully underwritten institutional placement.
• Issue stapled securities under a fully underwritten Security Purchase Plan.
• Consolidate stapled securities such that every parcel of 15,000 stapled securities
will be consolidated into one stapled security.
• Complete a capital distribution of $0.04 per stapled security to securityholders who
were registered holders on the record date, 16 November 2009. Pay accrued and
deferred dividends on the EPS.
• Complete a capital distribution of $0.04 per stapled security to securityholders who
were registered holders on the record date, 16 November 2009.
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