BBI 0.00% $3.98 babcock & brown infrastructure group

bbida

  1. 1,532 Posts.
    I was having trouble just understanding what happened to this co.

    Here is an extraction from one of the co's reports - might help someone else too

    • Convert the exchangeable preference securities (“EPS”) (ASX Code: BEPPA) into
    stapled securities in the Group.
    • Staple units in Prime Infrastructure Trust 2 (formerly known as Prime SPARCS
    Trust) (ARSN 108 288 204) (“Trust”) to existing stapled securities in the Group.
    • Issue stapled securities pursuant to a cornerstone placement.
    • Issue stapled securities pursuant to a fully underwritten institutional placement.
    • Issue stapled securities under a fully underwritten Security Purchase Plan.
    • Consolidate stapled securities such that every parcel of 15,000 stapled securities
    will be consolidated into one stapled security.
    • Complete a capital distribution of $0.04 per stapled security to securityholders who
    were registered holders on the record date, 16 November 2009. Pay accrued and
    deferred dividends on the EPS.
    • Complete a capital distribution of $0.04 per stapled security to securityholders who
    were registered holders on the record date, 16 November 2009.
 
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Currently unlisted public company.

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