Stockholder Meeting Results
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OPI New Zealand Limited (MFN) | 3:30 pm, Monday 8 September 2008 | MFN | 1.100 |
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OPI Pacific Finance's Secured Debenture Holders and Unsecured Noteholders
Vote In Support of Extraordinary Resolution
OPI Pacific Finance Limited - Stockholder Meeting
OPI Pacific Finance's secured debenture holders and unsecured noteholders
today voted in support of an extraordinary resolution which will allow OPI
Pacific Finance to enter into Secured Debt Arrangements with the Octaviar
Group and to continue with the moratorium agreed in May 2008.
The results of the votes were:
- 97.14 per cent of secured debenture holders who voted by value were
in favour of the extraordinary resolution.
Approximately 65% of secured debenture holders by value voted.
- 99.63 per cent of unsecured noteholders who voted by value were in
favour of the extraordinary resolution.
Approximately 84% of unsecured noteholders by value voted.
Octaviar Cash Consideration Offer
Separately, OPI Pacific Finance has been advised that Octaviar has extended
the deadline for acceptance of the cash consideration offer to stockholders
in OPI Pacific Finance to 4pm on 30 September 2008.
Stockholders and noteholders who require further information should contact
the Octaviar NZ Offer Information Line on 0800 200 468 (NZ Toll Free) or via
email on nzoffer@octaviar.com.au
Media enquiries:
Coran Lill
027 600 8602
