13 Jun 2008 14:17
RNS Number : 6111W
Babcock&Brown Public Ptnrships Ltd
12 June 2008
Not for publication, release or distribution in whole or in part in
Australia, Canada, Japan or the United States
Babcock & Brown Public Partnerships Limited
(Incorporated in Guernsey with registered number 45241)
(the "Company")
2008 Annual General Meeting of the Company
The Directors are pleased to announce that the Company's 2008 Annual General Meeting was held today at 2pm at its registered office and to confirm that all of the following resolutions were duly passed:
1. To receive and adopt the audited accounts, the Directors’ report, and the Auditors’ report for the period ended 31 December 2007.
2. To approve the Directors’ remuneration for the period ended 31 December 2007.
3. To re-appoint Keith Dorrian as Director of the Company, retiring in accordance with the Company's Articles of Association.
4. To re-appoint Giles Frost as Director of the Company, retiring in accordance with the UKLA’s Listing Rules.
5. To note an interim dividend in respect of the financial period ended 30 June 2007 of 3.35 pence per share and an interim dividend in respect of the financial year ended 31 December 2007 of 2.625 pence per share which are in line with the statements made in the Company’s Prospectus dated 11 October 2006.
6. To re-appoint Deloitte & Touche LLP, who have indicated their willingness to continue in office, as Auditors of the Company and to hold office until the next Annual General Meeting.
7. To authorise the Directors to determine Deloitte & Touche LLP’s remuneration.
8. To approve that the Company generally be and is hereby authorised for the purposes of The
Companies (Purchase of Own Shares) Ordinance, 1998 (the “Ordinance”) to make market
purchases (as defined in the Ordinance) of the ordinary shares in the capital of the Company
each of par value £ 0.01 pence (the “Ordinary Shares”) provided that:-
a. The maximum number of Ordinary Shares authorised to be purchased shall be 14.99 per cent. of the Company’s issued Ordinary Shares immediately prior to such purchase;
b. The minimum price (exclusive of expenses) which may be paid for such shares is £0.01 per Ordinary Share;
c. The maximum price (exclusive of expenses) payable by the Company which may be paid for Ordinary Shares shall be 5 per cent. above the average of the middle market quotations from the London Stock Exchange daily Official List on each of the five business days before the purchase is made;
d. The authority hereby conferred shall (unless previously renewed or revoked) expire at the end of the annual general meeting of the Company to be held in 2009 or, if earlier, the date falling eighteen months from the passing of these resolutions;
e. The Company may make a contract to purchase its own Ordinary Shares under that authority hereby conferred prior to the expiry of such authority which will or may be executed wholly or partly after the expiry of such authority, and may make a purchase of its own Ordinary Shares in pursuance of any such contract; and
f. The purchase price may be paid by the Company out of distributable profits or out of capital and share premium or otherwise to the fullest extent permitted by the Ordinance.
9. To approve that the Company generally be and is hereby authorised for the purposes of The Companies
(Purchase of Own Shares) Ordinance, 1998 (the “Ordinance”) to make market purchases (as defined in the
Ordinance) of the class C shares in the capital of the Company each of par value £ 0.01 pence (the “C
Shares”) provided that:-
a. The maximum number of C Shares authorised to be purchased shall be 14.99 per cent. of the Company’s issued C Shares immediately prior to such purchase;
b. The minimum price (exclusive of expenses) which may be paid for such shares is £0.01 per C Share;
c. The maximum price (exclusive of expenses) payable by the Company which may be paid for C Shares shall be 5 per cent. above the average of the middle market quotations from the London Stock Exchange daily Official List on each of the five business days before the purchase is made;
d. The authority hereby conferred shall (unless previously renewed or revoked) expire at the end of the annual general meeting of the Company to be held in 2009 or, if earlier, the date falling eighteen months from the passing of these resolutions;
e. The Company may make a contract to purchase its own C Shares under that authority hereby conferred prior to the expiry of such authority which will or may be executed wholly or partly after the expiry of such authority, and may make a purchase of its own C Shares in pursuance of any such contract; and
f. The purchase price may be paid by the Company out of distributable profits or out of capital and share premium or otherwise to the fullest extent permitted by the Ordinance.
12 June 2008
For further information, please contact:
Babcock & Brown Anthony Kennaway +44 (0)20 7203 7300
Bianca Francis +44 (0)20 7203 7300
Heritage International Fund Laurence McNairn +44 (0)1481 716000
Managers Limited, Secretary
This information is provided by RNS
The company news service from the London Stock Exchange
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