ASX/MEDIA RELEASE Thursday 20 August 2009 RESULTS OF SECURITY PURCHASE PLAN Asciano Group (‘Asciano’) announces today that its Security Purchase Plan (‘Plan’) has closed with strong demand from security holders. Applications totaling approximately $290 million were received from approximately 31,000 eligible securityholders. As a result, Asciano will raise the maximum $100m offered under the Plan, and all applications will be scaled back, with applicants receiving 35% of their application amount. Commenting on the outcome of the issue, Asciano Limited Chairman, Mr Tim Poole, said “At the time of the conclusion of our rights issue in July, we noted that all retail security holders who had sought to maintain their proportional holding in Asciano through the rights issue had been able to do so. The successful completion of the Security Purchase Plan has further allowed retail holders to ‘top-up’ their Asciano holding and, in most cases, to increase their proportional ownership stake. We see this as a positive outcome for both our retail security holders and for Asciano, as it places Asciano in a strong position to complete the restructuring of our balance sheet and to focus on continuing to deliver growth and value to security holders going forward” New Stapled Securities under the Plan will be issued today. Asciano has been advised by the Australian Securities Exchange that the new securities will commence trading on Monday 24 August 2009 and not on Friday, 21 August 2009 as previously advised.
AIO Price at posting:
$1.51 Sentiment: LT Buy Disclosure: Held
