ALINTA LTD: Alinta said it was disappointed with the Takeovers Panel decision in the matter of Australian Pipeline Trust 01R (APA). Alinta said the Panel has not provided any reasons, as yet, for its findings and Alinta looked forward with interest to receiving those reasons. Alinta maintains that in relation to the acquisition of the 10.25% stake in APA, no laws have been broken. Alinta also notes that nothing to date precludes the company from making a full bid for APA. Alinta has not made any decision in this regard. Alinta is currently reviewing its options.
AUSTRALIAN PIPELINE TRUST:The Takeovers Panel advises that it has today made a declaration of unacceptable circumstances in relation to acquisitions of 10.25% of the units in Australian Pipeline Trust (APT) by Alinta Limited in the period 16 August to 22 August (inclusive). The Panel received applications dated 5 September 2006 and 8 September 2006 from Alinta seeking a review of the decision of the APT01 Panel’s decision to make a declaration of unacceptable circumstances and final orders in relation to the Australian Pipeline Trust 01 proceedings. The Panel decided that the acquisitions constituted unacceptable circumstances having regard to the fact that the acquisitions constituted, or gave rise to, a contravention of section 606 of the Corporations Act, and the effect of the acquisitions on the control or potential control of APT. The Panel has advised the parties of the orders that it proposes to make following the declaration of unacceptable circumstances and is currently waiting for parties’ submissions on the Panel’s proposed orders. The Panel provides this media release, prior to making its final orders, in the interests of ensuring that the market is kept informed in a timely manner. The sitting Panel in these proceedings is David Gonski AO (sitting President), Marian Micalizzi and Prof. Ian Ramsay (sitting deputy President). The Panel will publish its reasons for its decision on its website.
BABCOCK & BROWN ENVIRONMENTAL INVESTMENTS LTD: Trevor Loewensohn acquired 50,000 fully paid ordinary shares for $104,915 in on market trade on September 18, taking his total holding, indirectly held, to 50,000 ordinary shares.
BEACH PETROLEUM LIMITED: Robert Kennedy acquired 251,750 fully paid ordinary shares for a total consideration of $341,782.30 in on market trade on September 15. Following this transaction, he now holds a total, direct and indirect, of 408,250 fully paid ordinary shares, 40,651 bonus options expiring September 30. 2006, .636,188 fully paid ordinary shares, 63,347 bonus options expiring September 30, 2006, 75,432 fully paid ordinary shares and 7,511 bonus options expiring September 30, 2006.
BHP BILLITON PLC: The interest of Lehman Brothers International (Europe) in the ordinary shares of BHP Billiton Plc has fallen below 3% as at September 12.
BHP Billiton Plc announces that on 15 September 2006 it purchased 1,000,000 of its ordinary shares at an average price of 920.4302 pence per ordinary share. It is intended that all of the purchased shares will be held as treasury shares. Following the above purchase, BHP Billiton Plc holds 25,020,000 of its ordinary shares as treasury shares. The total number of ordinary shares in issue (excluding shares held as treasury shares) is 2,443,127,002.
A Vanselow acquired 38,434 ordinary fully paid shares following the exercise at nil cost of performance shares and deferred shares under the group incentive scheme. Following this transaction, he now holds, directly, a total of 49,900 ordinary shares. He also holds a total of 245,633 securities over which options or other rights are held.
CLOUGH LTD: David Singleton acquired 220,000 shares and 270 shares for $101,650.70 in on market trades between September 12-14. Following these transactions he now holds a total of 952,000 shares, held directly and 220,000 shares and 5,000,000 unlisted options, held indirectly.
EAGLE BAY RESOURCES NL: Anthony Rechner acquired 16,510,478 ordinary shares for $892,000.00 in off market trade on September 14, taking his total holding, held directly and indirectly, to 30,823,131 ordinary shares, 1,252,010 June 30, 2009 options and 1,000,000 June 30, 2010 options. Indirect holding is A Rechner entitlement in EERC Australasia (Superannuation Fund Account and Rechner Family Account) and Omen Pty Ltd. On September 14, EERC and Omen Pty Ltd increased their substantial shareholding to 13.37%.
TPIC Pty Ltd ceased to be a substantial shareholder on September 14.
EASTERN STAR GAS LTD: Three Crowns Investments Pty Ltd decreased its substantial shareholding to 5.2% on September 15.
GASNET AUSTRALIA GROUP: Australian Pipeline Limited increased its substantial shareholding to 31.63%
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GULFX LTD: Lion Energy Limited increased its substantial shareholding to 6.58% on September 18.
ORCHARD PETROLEUM LTD: Tiedemann Global Emerging Markets became a substantial shareholder with a voting power of 5.019% and on September 19 further increased it to 6.299%.
RESOURCES LTD: James Beardsall, who was appointed as a director on August 17, holds a direct interest in 1,000,000 options exercisable at $0.30 by December 31, 2008. Indirectly he holds an interest in 3,645.833 ordinary fully paid shares. Terrence Primeau, who was appointed as a director on August 17, holds a direct interest in 1,000,000 options exercisable at $0.30 by December 31 2008. Indirectly he holds an interest in 2,666,667 ordinary fully paid shares and 100,000 ordinary fully paid shares. Dr Robert Day, who was appointed as a director on June 2, holds a direct interest in 1,000,000 options exercisable at $0.30 by December 31, 2008. Shaun Scott, who was appointed as a director on June 2, holds a direct interest in 100,000 ordinary fully paid shares and 1,000,000 options exercisable at $0.30 by December 31, 2008.
SUNSHINE GAS LTD: SAAD Investments Company Ltd increased its substantial shareholding to 25.59% in transactions between August 31 to September 13 and further increased it to 25.71 on September 14.
SYDNEY GAS LTD: In transactions between September 6 -18, SAAD Investments Company Ltd increased its substantial shareholding to 7.13%.
