Tilt Renewables — Shareholder Meeting (June 2020)
12 slides from Tilt Renewables's shareholder meeting presentation, Jun 10, 2020
Slide 1: We Are Gen Tilt
WE ARE GEN TILT
Slide 2: A$260 Million Return of Capital to Shareholders
A$260 MILLION RETURN OF CAPITAL TO SHAREHOLDERS Welcome to the Special Meeting of Shareholders Tilt Renewables Limited Special Meeting of Shareholders – 10 June 2020 2
Slide 3: Special Meeting of Shareholders: Return of Capital to Shareholders
TILT RENEWABLES LIMITED SPECIAL MEETING OF SHAREHOLDERS Return of Capital to Shareholders Bruce Harker | Chair Deion Campbell | Chief Executive Tilt Renewables Limited Special Meeting of Shareholders – 10 June 2020 3
Slide 4: Question Process
QUESTION PROCESS • When the Question function is available, the Q&A icon will appear at the top of the app. • To send in a question, simply click in the ‘Ask a question’ box, type your question and the press the send arrow • Your question will be sent immediately for review Tilt Renewables Limited S
Slide 5: How will the return of capital work
TILT RENEWABLES LIMITED SPECIAL MEETING OF SHAREHOLDERS How will the return of capital work • All shareholders will have one (1) in every five (5) of their shares cancelled and in return will receive NZ$2.91 for each cancelled share. • If the number of shares owned is not divisible by five (5), then
Slide 6: How is my shareholding affected
TILT RENEWABLES LIMITED SPECIAL MEETING OF SHAREHOLDERS How is my shareholding affected • Following the cancellation of shares, every shareholder will (subject to rounding) have the same proportionate shareholding and voting interest as before the cancellation. • Assuming a shareholder holds 1,000 s
Slide 7: Approvals required
TILT RENEWABLES LIMITED SPECIAL MEETING OF SHAREHOLDERS Approvals required • TLT has obtained initial orders from the New Zealand High Court which include directions about holding this meeting to consider the special resolution to approve the capital return. • The resolution requires approval by at
Slide 8: Indicative Timetable
TILT RENEWABLES LIMITED SPECIAL MEETING OF SHAREHOLDERS Indicative Timetable Event Date Special meeting of shareholders 10 June 2020 Final orders made by High Court 26 June 2020 Record Date 3 July 2020 Payment to shareholders 10 July 2020 Tilt Renewables Limited Special Meeting of Shareholders – 10
Slide 9: Process for the return of capital
TILT RENEWABLES LIMITED SPECIAL MEETING OF SHAREHOLDERS Process for the return of capital • The share register will close at 7:00pm (NZT) on 3 July 2020, or the date five business days after the date on which the final orders from the High Court are made, whichever is the latest ("Record Date"). • P
Slide 10: Questions
QUESTIONS 10
Slide 11: Voting Process
VOTING PROCESS • When the poll is open, the vote will be accessible by selecting the voting icon at the top of the screen • To vote simply select the direction in which you would like to cast your vote, the selected option will change colour. • There is no submit or send button, your selection is au
Slide 12: Thank You!
THANK YOU! 12