BrisConnections Federal Court Battle with JAB-Charityo The Julie...

BrisConnections Federal Court Battle with JAB-Charity

o The Julie Anne Barrow Charitable Trust has originated legal proceedings in the Federal Court (VID251/2009) against BrisConnections

o Interlocutory Hearing before Gordon J set down for 9:30am Tue 21 April 2009 in Melbourne

o Application is for an order of equitable injunction that BrisConnections extend Last day for accepting off-market transfers of partly paid stapled securities (ASX Code: BCSCA) without call money attached [currently Last transfers 22 April 2009 cut-off]

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It would not of course be appropriate for us to discuss a matter currently before the Fed Court.

However, there is a paragraph of our publicly available Statement of Claim that may interest forum users and unitholders:


23A "...there are many BCSCA unitholders who are distressed and desperately seeking opportunities to transfer their units to willing transferees/buyers before the Second Instalment date of 29 April 2009 requires actual payment of the next $1.00 instalment and before the Last Day Transfer (currently 22 April 2009), after which time, units cannot be transferred without first paying the $1.00 call on the BCSCA units. To address and relieve the distress of BCSCA unitholders is a matter of public interest."


We are interested in any unitholder (current or former) views on the current situation of the Last Day Transfer (currently 22 April 2009) and the Second Instalment date of 29 April 2009 Liability.

If you would like to make a short statement (that would be appropriate for a Federal Court Judge to review), please send me a private message or email via this forum.

Or alternatively send an email to:

[email protected]


Please note that we will not use posts that only exist on this public forum, so if you would like to contribute your comments please do so by one of the private ways above -- and then post to the forum if you would like to share this publicly under your aviator.

Also, given the scope and nature of the case we will only be able to seek leave from Justice Gordon to put forward comments from current and former unitholders -- and so you should also state your name accordingly for indentification.


David C. Barrow, Trustee, The Julie Anne Barrow Charitable Trust

http://barrow.org.au/