ASX Release
13 March 2009
RESULTS OF NEW ZEALAND SUBORDINATED NOTE MEETING
The Directors of Babcock & Brown Limited today announce that investors in the
Company’s subordinated notes listed in New Zealand have voted against the
special resolution to restructure the terms of the notes (refer attached for results
of the meeting). The Board of Babcock & Brown Limited will now meet to decide
the actions that will need to be taken as a result of this vote. A further
announcement will be made to the ASX and NZX later today.
The special resolution put to subordinated note holders required holders of
both the New Zealand notes and holders of the Australian notes to vote in
favour for the restructure. GIVEN THE RESULT OF THE MEETING IN NEW
ZEALAND, THE PROPOSED MEETING TO BE HELD IN SYDNEY,
AUSTRALIA AT 4.30PM TODAY WILL NOT PROCEED.
Results of Meeting
New Zealand Number of shares % of vote
For 35,426,266 41.86
Against 49,196,501 58.14
Abstain 3,110,000
Number of shares voted 84,622,767 37.6% of the register
Australia*
For 918,000 69.77
Against 383,091 29.11
Open 14,729 1.12
Number of shares voted 1,315,856 29.11% of the register
* received as of close of business in Australia 12 March 2009
ENDS
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