Result of EGM
18 Maio 2009 - 12:03PM
UK Regulatory
TIDMBBPP
RNS Number : 4459S
Babcock&Brown Public Ptnrships Ltd
18 May 2009
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR FROM ANY JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH
JURISDICTION
Results of Extraordinary General Meeting of Babcock & Brown Public Partnerships
Limited (the "Company")
On 30 March 2009, the Board of the Company announced certain proposals in
relation to: (a) the transfer of the Company's investment advisory and
management arrangements from the Babcock & Brown Group to the Amber
Infrastructure Group; and (b) the change of the Company's name to "International
Public Partnerships Limited".
A circular relating to those proposals was posted to Company shareholders on 23
April 2009 containing, among other things, notice convening an Extraordinary
General Meeting of the Company on 18 May 2009 and details of the actions to be
taken by shareholders.
The Board is pleased to announce that, at the Extraordinary General Meeting of
the Company held this morning, both resolutions relating to the proposals were
passed with a 99.56% majority (and with over 42% of all Company shares being
voted).
The number of votes cast in respect of the resolutions are set out below:
+------------+---------------+----------+----------+----------+----------+----------+
|Resolution | Shares for | % of | Shares | % of | Shares | % of |
| | (including | votes | against | votes |withheld | votes |
| |discretionary |cast for | | cast | |withheld |
| | proxies) | | | against | | |
+------------+---------------+----------+----------+----------+----------+----------+
| Ordinary | 159,416,419 | 99.56% | 1,000 | 0.01% | 700,100 | 0.44% |
|Resolution | | | | | | |
+------------+---------------+----------+----------+----------+----------+----------+
| Special | 159,416,419 | 99.56% | 1,000 | 0.01% | 700,100 | 0.44% |
|Resolution | | | | | | |
+------------+---------------+----------+----------+----------+----------+----------+
Accordingly, the Board will now proceed to the formal implementation of the
transfer of the management arrangements and the change of Company name by
completing the procedural steps required to finalise those transactions
(including finalising the consents required to be provided by the Company's
lenders under its GBP100 million corporate debt facility).
The Board expects that those procedural steps will be completed within the next
two weeks and the Company will make a further announcement at that time. The
Company also expects to change its LSE ticker symbol to "INPP" (in line with the
change of name) upon the implementation of the transactions.
Copies of the resolutions have been submitted to the Financial Services
Authority and will shortly be available for public inspection at the Document
Viewing Facility of the UK Listing Authority, 25 The North Colonnade, Canary
Wharf, London, E14 5HS.
For further information, please contact:
Investors & Analysts: Bianca Francis
Tel: 0207 203 7300
Media: Anthony Kennaway Tel: 0207 203 7300
Disclaimer
Nothing in this press release is intended as an offer to sell or a solicitation
of an offer to buy any securities. An investment in Babcock & Brown Public
Partnerships Limited (the "Company") carries certain risks and past performance
cannot be relied on as a guide to future performance.
Note on forward-looking statements
This press release may include statements that are, or may be deemed to be,
"forward-looking statements". These forward-looking statements can be
identified by the use of forward-looking terminology, including the term
"believes".
These forward-looking statements include all matters that are not historical
facts. By their nature, forward-looking statements involve risks and
uncertainties because they relate to events and depend on circumstances that may
or may not occur in the future. Forward-looking statements are not guarantees of
future performance. The Company's actual investment performance, results of
operations, financial condition, liquidity, distribution policy and the
development of its financing strategies may differ materially from the
impression created by the forward-looking statements contained in this press
release.
Subject to their legal and regulatory obligations, the Directors of the Company
expressly disclaim any obligations to update or revise any forward-looking
statement contained herein to reflect any change in expectations with regard
thereto or any change in events, conditions or circumstances on which any
statement is based.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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