On Thursday, April 28 2016, Broadspectrum (BRS) requested that trading in its shares on the Australian Stock Exchange (ASX) be halted pending the release of a statement by BRS.
According to the most recent report, Ferrovial is extending its takeover offer until May 13, as it aims to get at least 90% of buy-offers accepted by that date and will, upon doing so, de-list Broadspectrum from the ASX.
Continue reading “#Broadspectrum is finished”
Allan Gray is Transfield Services’ largest investor, with a stake close to $100 million, as reported three days ago. That figure wiil have diminished recently, with the decline in Transfield Services’ shareprice. Allan Gray is a global investment fund that originated in South Africa and is presently registered in Bermuda. It is also the second-largest shareholder of Fairfax Media. It is part of the Orbis Group.
With the recent divestments by the superannuation funds HESTA and NGS Super, Transfield Services has been under scrutiny from the Australian Council of Superannuation Investors (ACSI). Continue reading “Transfield Lobbies Australian Council of Superannuation Investors (ACSI) To Stem Divestments”
Note: An earlier version of this graphic depicts Douglas Sneddon as an existing board member of St James Ethics Centre. We now know that Sneddon left the St James Ethics Centre board in April 2014 and left the St James Ethics Foundation board in May 2014. The graphic above depicts the current connections as indicated on the St James Ethics Centre’s website.
We’ll append more information on this and related matters soon. For the moment, note the shareholdings as recorded in that consolidated accounting report.