Babcock & Brown Power – Request for Trading Halt Pursuant to Listing Rule 17.1, Babcock & Brown Power Limited and Babcock & Brown Power Services Limited as responsible entity for Babcock & Brown Power Trust (“BBP”) request an immediate trading halt in respect of its stapled securities (ASX:BBP).
The reason for the trading halt is that BBP is currently unable to make an immediate announcement pending the finalisation of a number of matters that are likely to have a material impact on BBP, including a revised outlook for BBP’s business.
BBP requests that the trading halt remain in place until the opening of normal trading at 10.00am on Friday, 15 May 2009 or until an earlier announcement is made to the market.
BBP is not aware of any reason why the trading halt should not be granted or of any other information necessary to inform the market about the trading halt.
Yours sincerely,
Yours sincerely John Remedios
Company Secretary Babcock & Brown Power
BBP Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held