Snippets Corner: 01 October 2009 – COU, MAP, AGK
October 1, 2009
Count Financial Limited (COU) subsidiary Countplus Pty Ltd has purchased a 25% share in specialist payroll and advice firm Achieve Corporation Pty Ltd for $970,904. The company said Canberra based Achieve focused on he provision of payroll management, taxation and financial planning advice to IT and communications consultants. As at June 2009, the business engaged with about 100 recruitment companies and provided outsourced administration services to approximately 625 active IT&C contractors. Count said Achieve has revenue of $3.1 million per annum and has funds under advice of $20 million. Countplus has an option to buy the remaining 75% of the business on agreed pricing and at its discretion from 1 July 2010.
Macquarie Airports (MAP) confirmed it would be proceeding with the non-renounceable pro-rata entitlement offer announced on 28 August 2009. The company made the confirmation following the approval of the proposal to internalise management at the meeting of security holders on Wednesday. MAp said the entitlement offer gave existing eligible shareholders the opportunity to apply for one new MAp share for every 11 existing MAp shares held at 7pm (AEDT) on Monday 12 October 2009 at a price of $2.30 each.
AGL Energy Limited (AGK) said it had sold its today announced it has sold the 132.3 MW Hallett 4 wind farm, north of Adelaide, to the Energy Infrastructure Investments (EII) consortium. The sale to the consortium , made up of Marubeni Corporation (39.9%), Osaka Gas (39.9%) and APA Group (20.2%) was expected to earn a development fee of $88 million for AGL. AGL said it would maintain and operate the wind farm, as well as securing all the renewable energy certificates through to 2036. Between $50 and $60 million is expected to be booked this year.
Macquarie Airports (MAP) confirmed it would be proceeding with the non-renounceable pro-rata entitlement offer announced on 28 August 2009. The company made the confirmation following the approval of the proposal to internalise management at the meeting of security holders on Wednesday. MAp said the entitlement offer gave existing eligible shareholders the opportunity to apply for one new MAp share for every 11 existing MAp shares held at 7pm (AEDT) on Monday 12 October 2009 at a price of $2.30 each.
AGL Energy Limited (AGK) said it had sold its today announced it has sold the 132.3 MW Hallett 4 wind farm, north of Adelaide, to the Energy Infrastructure Investments (EII) consortium. The sale to the consortium , made up of Marubeni Corporation (39.9%), Osaka Gas (39.9%) and APA Group (20.2%) was expected to earn a development fee of $88 million for AGL. AGL said it would maintain and operate the wind farm, as well as securing all the renewable energy certificates through to 2036. Between $50 and $60 million is expected to be booked this year.