![](http://www.24hgold.com/24hpmdata/articles/img/84644242_image005.gif)
11 July 2008
The Manager
Company Announcements Office
ASX Limited
Level 4
20 Bridge Street
Sydney NSW 2000
SHARE TRADING POLICY
Ausdrill Limited (ASX code: ASL) has previously published a share trading policy entitled "Trading in Company Securities by Directors and Senior Executives".
Ausdrill is currently subject to a hostile takeover bid by Macmahon Holdings Limited ("Macmahon"). The Board of the Company unanimously considers Macmahon's offer to be inadequate and opportunistic and the Board has recommended that shareholders REJECT Macmahon's offer.
Since the takeover bid was announced, Ausdrill's Managing Director and significant shareholder, Mr. Ron Sayers, has made several further acquisitions of Ausdrill shares. These acquisitions were made with the authorisation of Ausdrill's Board. The Board approved the departure from the share trading policy on the basis that firstly it was satisfied that the market was fully informed and secondly it was not appropriate for the share trading policy to apply during a hostile takeover scenario.
Mr. Sayers has publicly stated that he will not accept Macmahon's offer. He continues to be a strong believer in the Company's business and its future and his recent buying is an indication of his commitment to the Company and that he believes (as do the remainder of the Board) that Macmahon's offer does not fully value Ausdrill shares.
Ausdrill's Board advises Ausdrill shareholders to REJECT Macmahon's offer and to continue to ignore all documents sent by Macmahon.
Shareholders who have any questions concerning Macmahon's offer can call Ausdrill's Shareholder Information Line on 1800 104758 or from outside Australia on +61 2 8268 3691.
Yours faithfully,
Domenic Santini
Company Secretary
***
The new Spam Act commenced on 10 April 2004. This Act is aimed at reducing the amount of unauthorised emails you receive. You have been receiving e-mails containing information and news releases from us on behalf of our clients because you are an important contact of Purple Communications, a boutique stakeholder communications consultancy. If you do not wish to receive such emails from Purple, please click mailto: purple@purplecom.com.au subject=UNSUBSCRIBE or reply to this email and put UNSUBSCRIBE in the subject line and we will not email you again.
If you do not reply, we will continue sending you relevant news and information via email. However, all future emails will allow you to unsubscribe.
Issued by
Purple Communications
Level 3, 28 Kings Park Road, WEST PERTH WA 6005
Ph: 08 9485 1254 Fax: 08 6263 0455
purple@purplecom.com.au
Message protected by MailGuard: e-mail anti-virus, anti-spam and content filtering.
http://www.mailguard.com.au/mg
|
Ausdrill Limited
|
|
|
CODE : ASL.AX |
|
|
| |
ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Ausdrill est une société basée en Australie. Ausdrill est cotée en Australie. Sa capitalisation boursière aujourd'hui est 306,7 millions AU$ (204,1 millions US$, 185,1 millions €). La valeur de son action a atteint son plus haut niveau récent le 06 avril 2012 à 3,37 AU$, et son plus bas niveau récent le 12 février 2016 à 0,18 AU$. Ausdrill possède 312 280 000 actions en circulation. |