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.
BBI Price at posting:
0.0¢ Sentiment: None Disclosure: Held