Shield Equities, ein Lebenszeichen... - 500 Beiträge pro Seite

[Lazare]

Folgenden Brief erhielt ich heute. Er enthält im Grunde nichts Neues, er
bestätigt aber die genaue Aussetzungsfrist, da hier viel spekuliert wurde.


CJC:JEW

8 February 2000

Mr Tony Walsh
Australian Stock Exchange Limited
Exchange Plaza
2 The Esplanade
PERTH WA 6000

Facsimile: 9221 2020

Dear Mr Walsh

REQUEST FOR CONTINUED SUSPENSION OF TRADING OF SECURITIES

On 24 January 2000 Shield Equities Limited requested trading in the Company`s securities be suspended whilst negotiations in respect of a significant acquisition were completed.

The Company has completed the negotiations and has today released details of the acquisition. The Company requests that trading in the Company`s securities continue to be suspended pending shareholder approval of the transaction and release of a prospectus. This procedure is expected to take approximately 6 to 8 weeks.

The Company is not aware of any reason why continued suspension of trading should not be granted.

Yours faithfully

COLIN CARSON



Was haltet ihr von der ganzen Geschichte...

[Cirrusx4]

Das mit Shield klingt alles sehr gut!
Ich habe gestern Nacht endlich meine Emailantwort von Shield bekommen:
Ich poste sie nun mal hier!
Falls es Zweifler an dem Wahrheitsgehalt der Email geben, so senden mir diese bitte ihre Emailadresse in mein WO-Postfach.
Ich schicke dann die komplette Mail weitergeleitet an euch.

Ich wünsche allen viel Spaß mit Shield weiterhin.

CJC:JEW

8 February 2000

The Manager
Company Announcements Office
Australian Stock Exchange Limited
Level 10
20 Bond Street
SYDNEY NSW 2000

Facsimile: 1300 300 021

Dear Sir,

INVESTMENT IN LAYER 2 COMMUNICATIONS GROUP LTD

Shield Equities Ltd ("Shield") has agreed to acquire up to 80% of Layer 2 Communications Group Ltd ("Layer 2"), a new venture company formed to exploit a unique opportunity in the emerging world of third generation telecommunications services and network infrastructure supply and management. Layer 2 plans to build an advanced full-service Internet Protocol ("IP") network. With plans to utilise capacity from a number of different suppliers such as Global Crossing, Project Oxygen and Southern Cross, Layer 2 aims to deploy a global network infrastructure providing high speed, high availability facilities to its clients.

Layer 2 is negotiating to acquire fibre optic capacity from a number of cable companies and has committed to acquire 100 Gigabits/second of capacity on the proposed Project Oxygen global network.

The company plans to exploit existing opportunities in data communications while pioneering and commercially deploying newer developments in the field. It intends to achieve this by utilising and managing a leading edge communications network infrastructure that supports wide band data, IP, voice and video applications. This will enable Layer 2 to take advantage of the major applications that are driving the huge growth in the telecommunications market. Layer 2 will have full access to a high capacity network that will scale and grow as the demand for telecommunications services in the 21st century increases rapidly.

Layer 2 has an experienced network design team with combined experience of over 40 years in the field of data communications and communication networks. This experience will be shared with Layer 2 through the provision of contracted engineering support services. Dr Harry Edgar, B.Sc., Ph.D., C.Eng., FIEE., FIE Aust, F.Inst.M.C, chairman and chief executive officer of Layer 2, holds both a Bachelors degree and Doctorate in Electronic and Communications Engineering. He has significant experience in the fields of communications research, corporate management, contract management, consultancy and engineering practice. Dr Edgar`s experience includes:

· forming and operating Itech Consultants, a leading consultancy company involved in information technology consultancy projects for government and industry;

· senior manager and consultant to a wide range of major international corporate clients for design, installation, and commissioning of computer, communications and computer control equipment for the development of commercial scale production plant;

· forming and managing a successful consultancy and design company, employing over 40 staff, involved in the design, installation and commissioning of major electronic, communications and control and data management equipment; and

· Senior Lecturer in Electronic and Information Engineering at Curtin University and Head of Department of Electronic and Communications Engineering at Leeds Polytechnic, UK, involved in research in networks and digital communications techniques.

Layer 2 plans to provide full end-to-end network services for multinational corporations, businesses and telecommunications carriers. It will pursue a strategy of partnering with local telecommunications carriers and Internet Service Providers who need network capacity and services over a wide geographical area with emphasis on providing IP capacity and value added services for South Asia as the world`s fastest growth area for IP bandwidth.

Layer 2, which is incorporated in the British Virgin Islands, plans to utilise operating subsidiaries in Europe, USA and Australia to provide services such as voice over IP, voice, data and full motion video over IP, internet connectivity, applications hosting, international data networks, managed network services and other new world applications services to telecommunication companies, multinational corporations and e-businesses that are finding that their capacity needs are increasing exponentially each year.

The purchasing power of Layer 2 generated from acquiring access to large-scale global cable bandwidth at wholesale prices will enable it to operate with a significant price advantage.

Layer 2 will be at the forefront of the provision of rapidly emerging advanced telecommunications services worldwide. Specific competitive advantages include:

· the price advantage obtained from major acquisitions of optical fibre capacity;
· the planned global network is based on the latest IP packet switching protocols and equipment;
· the optical fibre infrastructure is being sourced from a range of submarine and terrestrial capacity suppliers at competitive pricing through large scale leasing arrangements;
· the company plans to deploy a flexible, high availability, large capacity network to meet the needs of growing, high bandwidth applications such as cable and digital television, as well as the expanding Internet Service Provider market;
· a number of additional services including network management services, voice over IP, internet and telecommunications exchanges and global network services are planned; and
· Layer 2 has the advantage of being carrier-neutral, so it can readily work with other telecommunication carriers to provide value added services and further capacity.






Summary of Shield/Layer 2 Agreements

1. Shield can subscribe US$20,000,000 to acquire 80% of the ordinary capital of Layer 2 on the following basis:

(a) US$100,000 has been paid on execution of the agreement entitling Shield to a 0.4% interest in Layer 2;

(b) a further US$700,000 entitling Shield to a 3.2% interest in Layer 2 is payable within 7 days of the conditions precedent except the Shield capital raising being satisfied (such conditions to be satisfied by 31 March 2000);

(c) a further US$4,200,000 entitling Shield to a 20% interest in Layer 2 is payable by 31 March 2000 provided all conditions precedent have been satisfied or waived by Shield;

(d) a further US$2,400,000 entitling Shield to 29.6% of Layer 2`s ordinary capital by 30 June 2000;

(e) a further US$4,800,000 entitling Shield to 48.8% ordinary capital by 30 September 2000; and

(f) a further US$7,800,000 entitling Shield to 80% of Layer 2`s ordinary capital by 30 November 2000,

provided that Shield may at its election defer the subscriptions detailed in clauses (d), (e) and (f) by the length of time after 16 April 2000 that Project Oxygen completes equity and financing arrangements to enable the development of the first stage of its cable network. Shield may decide at any time after 31 December 2000 to cease further equity contributions if financial closure of Project Oxygen has not occurred. A description of Project Oxygen and Layer 2`s contractual arrangements with it are set out in this announcement.

2. Shield has also agreed to subscribe for US$5,000,000 of Layer 2 preference shares by the later of 6 months after the completion and closing of all financing required for Project Oxygen and 30 November 2000. The preference shares entitle Shield to 5% of Layer 2 profits (after an allowance for a 25% return on ordinary capital subscribed) until 30 June 2005, wherein they are to be redeemed at par, or at the election of Layer 2, converted to ordinary shares at 80% of the market value at the time.

3. Existing Layer 2 shareholders are also to be issued redeemable preference shares entitling them to a similar proportion of profits for the five year period. These shares will be issued at for a nominal consideration and will be redeemed at par.

4. The Layer 2 contract is subject to the following conditions precedent being satisfied or waived by Shield on or before 31 March 2000:

(a) all shareholder and regulatory consents required by Shield;

(b) Shield receiving in principle agreement to underwrite a capital raising of US$25,000,000 or such lesser amount as it nominates within 14 days of completing presentations to underwriters and investors;

(c) Shield completing the capital raising outlined in (b) above;

(d) Shield completing due diligence investigations to its satisfaction prior to 25 February, 2000; and

(e) the amendment of the memorandum and articles of association of Layer 2.

5. A shareholder agreement entered into between Shield and the other Layer 2 shareholders applies until Layer 2 is listed on a stock exchange and provides:

(a) for Shield to have 50% board representation until it has ceased equity funding Layer 2 as set out in Point 1, at which time board representation will be proportional to Shield`s percentage equity;

(b) that the initial chief executive officer to be Dr T H Edgar;

(c) subject to a dispute resolution procedure, unanimous board decisions are required for most major decisions of the company;

(d) that Shield has a pre-emptive right to acquire shares offered for sale by other Layer 2 shareholders;

(e) that Shield or its nominee shall have the right to subscribe for up to 80% of further equity fundraisings by Layer 2; and

(f) for Layer 2 to seek stock exchange listing at a future date to fund further expansion.

Project Oxygen

Project Oxygen is a planned 116,000km trans-global optical fibre cable network with 56 proposed access points in 38 countries. The undersea portion of the cable is planned to have a 2.56 Tbit/second capacity and the terrestrial cable 4.0Tbit/second. Project Oxygen Network Ltd, the operator, plans to have the USA - Europe - Middle East first stage laid by December 2001, with the full rollout completed by December 2003. Project Oxygen is dependent on obtaining debt and equity funding to finance the development of the cable network.

The agreement between Layer 2 and Project Oxygen will require modification due to changes in the layout, scope and timing of the proposed Project Oxygen cable rollout and negotiations have commenced. However, the existing agreement is summarised below.

Project Oxygen has granted Layer 2 access to 100 Gigabits/second bandwidth to be provided on a progressive basis as the cable is laid for a period of 25 years. In consideration for this, Layer 2 is required to pay US$200 million progressively as it accesses the cable. The US$200 million is rebatable up to 100% from future positive cash flow achieved by Project Oxygen. Layer 2 is required to pay operation and maintenance charges and terminal station charges totalling 9% of the capital cost paid, indexed annually based on the average of a selection of producer price indices. Layer 2 may terminate the agreement with Project Oxygen if the first stage of the cable rollout is not completed by 31 December 2001 and it may cancel future commitments if future cable rollout stages are not completed by specified dates, subject to extensions for force majeure events.


Shield Equities Future Direction

The acquisition of an interest in Layer 2 marks a move into the telecommunications field by Shield. The company will focus on developing Layer 2 into a major telecommunications service provider and will also review other opportunities in the field.

Funding

Shield expects to announce plans to raise capital to fund the Layer 2 investment within a week.

A press release summarising the proposed investment is attached.

Yours faithfully


C J CARSON
Director

Enc.

[blacky bergfuchser]

Danke für die news!
Nur bin ich des Englischen nicht so mächtig.
Für eine kurze Zusammenfassung ins Deutsche wäre ich dankbar.

[xantos1]

Hallo Leute,
macht es euch doch nicht so schwer mit euren e-mail Anfragen.
Unter http://www.stockhouse.com.au findet ihr aktuelle Informationen
zu den australischen Aktien. Das Kürzel für Leo Shield Equ. lautet
X.SQS. Unter company announcements findet ihr die neuesten News.

Ciao

xantos1

[dexter]

auch meinen dank für die infos !!!

[Cirrusx4]

an xantos1:

Meinst du ich bin zu blöd ein ASX-Anouncement zu lesen?
Ganz abgesehen, daß Stockhouse ziemlich langsam ist, habe ich meine Email direkt nach Kursaussetzung abgeschickt.
Zu dem Zeitpunkt war von Layer2 noch keine Rede.

Also brauchst du mich nicht so blöd anzumachen, dein Posting hat noch viel weniger objektive Infos enthalten.
Außerdem kann man doch wohl seine Emailantwort in einem bereits bestehenden Thread posten, ich haber noch nichtmal einen neuen eröffnet.

[xantos1]

an cirrusx4
he, langsam reiten. Ich wollte dich weder blöd anmachen, noch habe
ich davon gesprochen, daß hier jemand nicht objektiv ist. Ich wollte
nur den Leuten helfen, die vielleicht noch nicht wußten, wo sie die
Infos herkriegen oder gleich eine email an die Firma zu schicken.
Die würde sich schließlich bedanken, wenn jeder Aktinär sie mit
emails überhäuft.
nix für ungut :-)
xantos1

[Cirrusx4]

Ok, akzeptiert.

bei dem folgenden Link bekommt man deutlich aktuellere Infos zu Shield:

http://archive.fairfax.com.au/gca.vts?ResultTemplate=gca.hts…

Der Link ist zwar etwas lang, aber wenn ihr ihn unter euren Favoriten abspeichert, könnt ihr immer die aktuellen Infos zu Shield schnell und kostenlos abfragen.

Gruß
Cirrusx4

[xantos1]

guter link, danke.
xantos1