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Name | Symbol | Market | Type |
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Citi Fun 24 | LSE:AH45 | London | Medium Term Loan |
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RNS Number:4527U BIL International Limited 12 April 2002 MASNET No. 24 OF 12.04.2002 Announcement No. 31 BIL INTERNATIONAL LIMITED REMOVAL OF BIL SECURITIES FROM OFFICIAL QUOTATION ON AUSTRALIAN STOCK EXCHANGE 12 April 2002 - The Board of Directors of BIL International Limited ("BIL") wishes to announce further details in connection with the removal of BIL securities from official quotation on Australian Stock Exchange ("ASX") on 1 July 2002. BIL has a primary listing in Singapore and currently has secondary listings in London, New Zealand and Australia. The ASX has advised that it is amending the admission criteria for entities listed on the ASX in the Foreign Exempt category such that entities in this category will be required to have both A$2 billion of net assets and A$200 million profit after tax in each of the previous three years. With these changes, BIL is no longer able to meet the admission criteria and its securities will be removed from quotation of the official list of ASX on 1 July 2002. Meanwhile, BIL has made arrangements with its broker, JBWere Limited ("JBWere") in Australia to allow BIL shareholders who are currently on the Australian register of the company ("Australian Shareholders") to sell their BIL Shares on the New Zealand Stock Exchange ("NZSE") after removal from the official list in Australia and transfer to the NZSE, should they so desire. This trading arrangement, which will be operated through JBWere's Were OnCall division, will operate from 1 July 2002 to 31 December 2002. Following the removal of the securities of BIL on 1 July 2002, all holdings on the Australian register will be transferred to the New Zealand register. Once the securities are transferred to the New Zealand register, Australian Shareholders will receive a holding statement with a Shareholder Number. For those who are already on the New Zealand Register, their BIL shares will be added to their current holding. Australian Shareholders will also receive a FIN number (Faster Identification Number) issued by Computershare Registry Investor Services Ltd, the equivalent of a bank PIN number (Personal Identification Number), via post under separate cover. Should any Australian Shareholders wish to sell their BIL shares on the NZSE following the removal of the securities from the official list of ASX in Australia using the JBWere facility, they should fax or post the following details to JBWere: • Include the heading or identification "BIL International New Zealand Share Sale Facility"; • Include a copy of the New Zealand holding statement; • Indicate an instruction to "sell at best on market"; • Advise their FIN number; • Advise Australian or New Zealand bank account details for payment, i.e. complete BSB number, branch name and account name (payment will only be made to bank accounts where the account name is the same as the name on the holding statement); • Specify for payment to be in NZ$ or A$; and • Provide a contact telephone number. Details may be faxed to JBWere's Were OnCall on 1300 306 506 (cost of a local call within Australia). Alternatively, details can be posted to: BIL International New Zealand Share Sale Facility c/o Were OnCall GPO Box 4619SS Melbourne, Vic 3001 Following receipt of a valid holding statement and instructions, JBWere will arrange to sell the shares on the NZSE at the prevailing market price. A contract note (in the currency selected) will be provided and a settlement payment made on the settlement date. Remittance of funds in Australian dollars will be subject to prevailing foreign exchange rates. Any BIL shareholder selling their shares in this manner ("BIL Shareholder") acknowledges that: • Execution and settlement will occur in accordance with the rules of the NZSE; • The sale price of any BIL Shares sold using this facility will depend on the prevailing market price for BIL at the time of execution of the sale on the market and neither BIL nor JBWere will be responsible, and each BIL Shareholder agrees to hold them harmless, for any loss suffered by any BIL Shareholder as a result of any sale instruction; and • Neither JBWere nor BIL has given any BIL Shareholder any advice or made any recommendation relating to the sale of any BIL Shareholder's shares. Brokerage charges of 1.0% of sale value, with a minimum charge of NZ$50 will apply, as will any other statutory charges and taxes (such as goods and services taxes). Those fees would be deducted from the sales proceeds. Should shareholders wish to contact their registrars, their details are as follows: Share Registrars:- Australia (Until 1 July 2002) Computershare Investor Services Pty Ltd Level 3, 60 Carrington Street Sydney, NSW 2000 Australia Tel: +61 (2) 8234 5478 Fax: +61 (2) 8234 5190 New Zealand Computershare Registry Investor Services Ltd Level 2, 159 Hurstmere Road Takapuna, North Shore City 1309 Private Bag 92119 Auckland New Zealand Tel: +64 (9) 488 8777 Fax: +64 (9) 488 8787 United Kingdom Computershare Investor Services PLC PO Box No 82 The Pavilions Bridgwater Road Bristol BS99 7NH United Kingdom Tel: +44 (870) 702 0000 Fax: +44 (870) 703 6116 Singapore M&C Services Private Limited 138 Robinson Road #17-00 The Corporate Office Singapore 068906 Tel: +65 6227 6660 Fax: +65 6225 1452 BIL is sending a copy of this announcement to each of the Australian Shareholders. Enquiries: BIL International Limited, Singapore Tel: +65 6438 0002 JBWere Limited, Australia Tel: 1300 722 422 Submitted by Jane Teah , Company Secretary on 12/04/2002 to the SGX This information is provided by RNS The company news service from the London Stock Exchange
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