BNB babcock & brown limited

potential market buyback

  1. 5,374 Posts.
    lightbulb Created with Sketch. 1
    Given current market conditions and our anticipated balance sheet capacity, the company may well use this opportunity to acquire the necessary shares through an on market buy back, or other appropriate mechanism, rather than a new issue.
    ==============

    In this regard we also note that the success in 2007 has given rise to a significant bonus accrual. A substantial part of the bonus pool is applied to fund share purchases held by the employee share trust with these shares vesting to employees on a deferred basis. In the past these shares have been issued by the company around the time bonuses are declared. Given current market conditions and our anticipated balance sheet capacity, the company may well use this opportunity to acquire the necessary shares through an on market buy back, or other appropriate mechanism, rather than a new issue.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.