BBP 0.00% 9.5¢ babcock & brown power


  1. 1,404 Posts.
    this looks intresting


    B&B agreed to waive the FY09 base fee

    B&B & BBP will discuss FY10 base fee subject to strategic review

    Incentive fee will be zero for five years unless a sustained security price of $1.50 is reached

    Current incentive fee has a three-year reset

    Override provision agreed whereby no incentive fee payable until the earlier of a sustained price of $1.50 or 1 July 2013
    The resetting of the fees is designed to better align the interests of B&B and BBP
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