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Sunday, May 17, 08:10:51pmLogin ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 12345678[9]10 ]
Subject: Shareholder meeting which is expected to be held in late April 2003.(subject to obtaining the required Noteholder and Shareholder approvals for the Recapitalisation Proposal)expects lodge the prospectusin early May 2003.


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Shareholdermeeting documentsexpected to be in mid March 2003.
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Date Posted: Sunday, March 09, 04:58:08am
In reply to: in any event will be no later than 30 September 2003 (provided it is approved by Shareholders). 's message, "Share Consolidation" on Saturday, March 08, 02:09:49pm

ERG is currently finalising the documentation for the required Shareholder meeting which is expected to be held in late April 2003. In addition, the Company expects to lodge the prospectus for the proposed Rights Issue (subject to obtaining the required Noteholder and Shareholder approvals for the Recapitalisation Proposal) in early May 2003. A summary of all key dates will be available at the time the Shareholder meeting documents are lodged with the ASX, expected to be in mid March 2003. Noteholders are being asked to approve the conversion of notes and interest into Shares Under the Recapitalisation Proposal, Noteholders will have each Note converted into 90 Shares. You are also being asked to convert the l April 2003 Interest Payment of $0.50625 per Note into 3.375 Shares and, if the Notes are not converted to Shares, to give ERG the power to convert future interest payments to Shares.

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