Response to media coverage of the Share Purchase Plan
27 August 2010
In response to coverage of the Share Purchase Plan in The Australian today, Transfield Services confirms that the Share Purchase Plan (SPP) introduced by the Company yesterday was offered to shareholders following requests by retail shareholders at the 2009 Annual General Meeting to address the effects of an institutional placement held in December 2008.
The Company’s Board has absolute discretion over the amount raised under the SPP. The reference in The Australian to a maximum $390 million is inconsistent with the Board’s intentions given the rationale for introducing the SPP. SPP participation is voluntary and the plan offers shareholders a range of investment options to consider. The Company expects the amount raised under the SPP to be significantly less than the amount referred to in The Australian.
| Response to media coverage of the Share Purchase Plan |
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Transfield Services employs over 27,000 people across 21 industries and 13 countries.
We are a global provider of operations, maintenance and construction services to the Resources, Energy, Industrial, Infrastructure, Property and Defence sectors.
We deliver asset management services across all phases of the asset lifecycle, from concept and creation, to services that sustain, optimise and enhance our Client’s assets.
With diverse global experience and expertise, we share our knowledge and challenge thinking to develop and implement innovative solutions that deliver real value for our Clients.
Our unique approach enables us to deliver continuous improvements in asset performance and sustain long term relationships with our Clients and partners.