ASX RELEASE
15 May 2009
SPARCS - EXTRAORDINARY GENERAL MEETING
Please see the attached Announcement released to the New Zealand Stock Exchange by Babcock & Brown Infrastructure Limited’s wholly owned subsidiary BBI Networks (New Zealand) Limited.
ENDS
Further Enquiries
Helen Liossis
Investor Relations Manager
Babcock & Brown Infrastructure
+61 2 9229 1800
ABOUT BABCOCK & BROWN INFRASTRUCTURE
Babcock & Brown Infrastructure (ASX: BBI) is a specialist infrastructure entity which provides investors access to a diversified portfolio of quality infrastructure assets. BBI’s investment strategy focuses on acquiring, managing and operating quality infrastructure assets in Australia and internationally.
For further information please visit our website: www.bbinfrastructure.com
BBI Networks (New Zealand) Limited Company No: 154 4143
Council Chambers 84 Liardet Street New Plymouth New Zealand
NZX RELEASE
15 May 2009
EXTRAORDINARY GENERAL MEETING
Babcock & Brown Infrastructure Limited’s wholly owned subsidiary BBI Networks (New Zealand) Limited (BBINNZ) announces the results of voting in the resolutions put to its General Meeting of Subordinated Prime Adjusting Reset Convertible Securities (SPARCS) holders today, 15 May 2009, as follows:
Item
Resolution
Passed / Not Passed
1
TO approve the amendments to the Trust Deed set out in Part A of Appendix 1 to the Notice of Meeting and Explanatory Memorandum
Not Passed
2
TO approve the matters set out in Part B of Appendix 1 to the Notice of Meeting and Explanatory Memorandum
Passed
In accordance with the terms of the Trust Deed, and following the defeat of Resolution 1 at today’s General Meeting, 25,803,504 SPARCS will be converted to BBI stapled securities on Monday 18 May 2009. The total number of BBI stapled securities to be issued will be determined based on the formula set out in the Trust Deed and will depend on the average daily volume weighted average sale price of stapled securities sold on the ASX during the 20 ASX Business Days up to and including today, 15 May 2009, and the AUD:NZD exchange rate at 11.00am on Monday 18 May 2009.
The number of BBI stapled securities to be issued will be announced on the afternoon of Monday 18 May 2009.
Following conversion, there will be 120,400,605 SPARCS remaining on issue.
The passage of Resolution 2 confirms the effectiveness of the Reset Notice issued in March. This ensures that the holders of the remaining SPARCS have the ability to elect Conversion of their SPARCS, or accept the Reset Terms, prior to 28 September 2009.
ENDS
Further Enquiries
Helen Liossis
Investor Relations Manager
Babcock & Brown Infrastructure
+61 2 9229 1800
ABOUT BABCOCK & BROWN INFRASTRUCTURE
Babcock & Brown Infrastructure (ASX: BBI) is a specialist infrastructure entity which provides investors access to a diversified portfolio of quality infrastructure assets. BBI’s investment strategy focuses on acquiring, managing and operating quality infrastructure assets in Australia and internationally.
ABOUT BBI NZ SPARCS
Subordinated Prime Adjusting Reset Convertible Securities (SPARCS) are a hybrid debt security first issued in 2004, by BBI Networks (New Zealand) Limited (BBINNZ). SPARCS are able to be redeemed or exchanged to BBI stapled securities in certain circumstances. There are approximately 146.2 million BBI NZ SPARCS on issue, with a face value of NZ$1.00 each.
For further information please visit our website: www.bbinfrastructure.com
- Forums
- ASX - By Stock
- sparks vote
ASX RELEASE15 May 2009SPARCS - EXTRAORDINARY GENERAL...
-
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BBI (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online