1) Can Babcock and Brown require me to take ordinary shares as settlement for any outstanding amounts owed?
NO, NOT UNLESS THE HOLDER NOMINATES THIS.
2) What restrictions are on Babcock & Brown?
AMONGST OTHER THINGS, INCLUDING:
• undertaking any arrangement, reconstruction or reorganisation, which would have a material adverse effect on the value of BBSN2.
3) What is a Trigger Event?
– Babcock & Brown resolves in general meeting to be Wound Up; – a provisional liquidator is appointed to Babcock & Brown; – a court makes an order to Wind Up Babcock & Brown; – an administrator is appointed to Babcock & Brown; – Babcock & Brown executes a deed of company arrangement; – BBIPL resolves in general meeting to be Wound Up; – a receiver or receiver and manager is appointed over the assets or the undertaking of Babcock & Brown; – an Interest Payment is not paid for more than 20 Business Days other than in accordance with the deferral provisions in the Terms; or – a Delisting Event occurs.
4) What is a change in control event?
A Change in Control Event is each of the following:
- a takeover bid to acquire all of the Ordinary Shares and the offer clause 14.2 under the takeover bid is, or becomes, unconditional and: • the bidder has acquired at any time during the offer period a relevant interest in more than 50% of the Ordinary Shares on issue; or • the Directors unanimously recommend acceptance of the offer under the takeover bid, and acceptance of that offer would result in the bidder having a relevant interest in 100% of the Ordinary Shares on issue; and – a court approves a proposed scheme of arrangement which, when implemented, will result in a person having a relevant interest in 100% of the Ordinary Shares on issue.
BNB Price at posting:
0.0¢ Sentiment: Hold Disclosure: Not Held