The browser you are currently using is not being supported by this website, please upgrade to a more recent browser for a better viewing experience.
Independent Adviser(s): Simmons Corporate Finance (Rule 18)
Company Meeting Date: 18/08/2011
Buller Electricity Limited (“Buller”) held 8.48% of Pulse’s ordinary shares.
Pulse proposed a capital restructuring to consist of the following steps:
(together, the “proposed transactions”).
It was likely that, as a result of the proposed transactions, Buller would hold or control between 65 and 75% of the shares in Pulse.
On 18 August 2011, the proposed transactions were approved at the annual meeting of shareholders.