Result of EGM

 

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: [phone] 
 
 
Media:  Anthony Kennaway                                   Tel: [phone] 
 
 
 
 
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 
 
 REGCKFKKPBKDDPD