- AGL Energy (AGL) intends to send its outlet booklet scheme after approval by the New South Wales Supreme Court
- The court decided to convene a meeting of shareholders of AGL Energy to consider and vote on the proposed merger AGL Australia
- Each AGL Energy director intends to vote for any shares they hold in favor of branch decisions
- The directors also unanimously recommended the shareholders to vote for the resolutions to be considered at the schematic meeting as well as at the previous general meeting.
- AGL Energy fell 1.37 percent, trading at $ 8.31 per share
AGL Energy (AGL) intends to send its booklet for the merger after approval by the Supreme Court of New South Wales.
The court ruled to convene a meeting of AGL Energy shareholders to vote and consider proposed association resulting in the creation of two separately listed companies, Accel Energy and AGL Australia.
In addition, the Securities and Investment Commission of Australia (ASIC) has registered a booklet scheme.
The directors of the AGL unanimously recommended the shareholders to vote for the resolutions to be considered at the schematic meeting as well as at the previous general meeting.
Each AGL energy director intends to vote for any stocks they hold in favor of branch decisions.
It is expected that the booklet on the scheme will be sent to shareholders soon, on the eve of the general meeting.
This news came after AGL lowered its earnings recommendations to 22 pounds. after a shutdown at a coal-fired power plant in Victoria.
Previously, basic income before interest, taxes, depreciation and amortization (EBITDA) was expected to be 22 fing. will range from $ 1,275 to $ 1.4 million. It is now upgraded to $ 1.23 million and $ 1.3 million.
AGL Energy fell 1.37 percent and traded at $ 8.31 at 3:38 p.m. on AEST.