AUSTRALIAN GAS LIGHT COMPANY: The company was removed from the official list of the Australian Stock Exchange Ltd from the close of business Thursday, October 26, following the implementation of the company’s scheme of arrangement.
ALINTA LTD: Alinta is pleased to announce that the Federal Court has ruled that the company did not breach the law in its purchase of the 10.25% stake of Australian Pipeline Trust or the entry into merger agreements with AGL (in circumstances where AGL owns 26% of APT).
However, in relation to the 10.25% stake, the court determined that the Takeovers Panel ruling of unacceptable circumstances (in relation to the effect on control or potential control of APT) would stand.
Alinta CEO, Bob Browning said: “We were always confident in our belief that in acquiring the additional stake in APT we were acting in accordance with the law. The Court has found that the Takeovers Panel erred in ruling that Alinta breached section 606 of the Corporations Law.
“As Alinta did not breach the law, the decision to uphold the Takeovers Panel finding of unacceptable circumstances is of course disappointing.”
The Western Australian utility announced yesterday that it intends to appeal the decision.
Alinta has been granted a temporary stay in relation to the disposal of the 10.25% stake until midnight EST on Tuesday October 24, 2006. Alinta’s total substantial shareholding in Australian Pipeline Trust now stands at 35.30%.
Removal from Official List of ASX: Alinta Ltd has been removed from the official list of the Australian Stock Exchange, following the completion of the merger of Alinta Mergeco Ltd’s and AGL’s infrastructure business.
AUSTRALIAN PIPELINE TRUST (APA): The company is pleased with the Federal Court ruling on October 20 that upheld the Takeovers Panel's finding that Alinta’s 10.25% acquisition was made in unacceptable circumstances.
APA Managing Director, Mick McCormack said the Court decision was a victory for APA’s unitholders.
“I would hope that this concludes these matters which have been a distraction. APA will continue building value for our unitholders, through bringing together a truly national energy transmission business that will continue to grow a competitive energy market in Australia,” he said.
ARROW ENERGY NL: Stephen Bizzell was issued 51,898 convertible notes for $20,759.20 pursuant to the reinvestment plan on October 16. Following this issue, he now holds, indirectly, a total of 7,919,483 ordinary shares, 1,133,771 convertible notes and 1,748,840 December 2006 $0.75 options.
BASS STRAIT OIL COMPANY LIMITED: E.G Albers acquired 1,193,483 ordinary shares for $106,352.65 in on market purchase on October 20. Following this transaction, he now holds a total of 25,758,487 ordinary shares and 1,923,056 options expiring on June 30, 2007.
CALTEX AUSTRALIA LIMITED: Barclays Global Investors Australia Limited became a substantial shareholder on October 10, with a voting power of 5.29%.
ENTEK ENERGY LIMITED: Ian Sandover acquired 125,000 shares for $23,129 in on market transactions on October 18, taking his total holding, held indirectly, to 500,000 ordinary shares.
GASNET AUSTRALIA GROUP: Australian Pipeline Limited/APT Pipelines Limited increased its substantial shareholding to 93.19% on October 24.
HARDMAN RESOURCES LIMITED: UBS Nominees Pty Ltd and its related bodies corporate increased their substantial shareholding in Hardman Resources to 6.86% on October 24.
HORIZON OIL LTD: Austral-Asia Energy Pty Ltd ceased to be a substantial shareholder on October 24. Triplex Global Ventures Ltd became a substantial shareholder on October 24, with a voting power of 10.09%
IMDEX LTD: Magnus Lemmel, who was appointed as a director on October 19, holds an indirect interest in 140,000 Ordinary Shares.
JACKGREEN LIMITED: John Smith acquired 16,978 for $3,997 in on market trade on October 20, talking his total holding, held indirectly, to 3,115,341 ordinary shares.
MOSAIC OIL NL: Soedirdja, Handojo, who resigned as a director on October 19, retain a direct interest in 2,500,000 employee contributing shares and an indirect interest in 600,000 fully paid ordinary shares and 151,600 fully paid ordinary shares.
NEPTUNE MARINE SERVICES LIMITED: Christian Lange acquired 25,000 ordinary fully paid shares at an average price of $0.22 per share in on market trade on October 17, taking his total holding, held directly, to 86,376 ordinary fully paid shares and 1,000,000 options exercisable at 53 cents by February 28, 2016.
PRYME OIL AND GAS LTD: Anglo Energy Company Inc became a substantial shareholder on October 25, with a voting power of 8.44%.
SPHERE INVESTMENTS LTD: FMR Corp and Fidelity International Limited decreased its substantial shareholding to 5.72% on October 19.
SANTOS LIMITED: Barclays Global Investors Australia Limited became a substantial shareholder on October 10, with a voting power of 7.21%
TAP OIL LIMITED: Barclays Group ((Barclays Global Investors Australia Limited) ceased to be a substantial shareholder on October 10.
EMPIRE OIL & GAS NL: The company will be re-locating to new premises on Monday October 30, 2006.
