Toll Holdings Restructure

On 13 December 2006, Toll announced a landmark proposal to restructure the Company, creating two stand-alone, market leading ASX Listed businesses: Toll Holdings Limited (TOL) and Asciano Limited (AIO), unlocking significant value for all Toll stakeholders; customers, suppliers, employees and shareholders.

The strategic restructure was subject to:

• ACCC agreement: Achieved on 18 April 2007
  Toll Reaches Agreement with ACCC
• Shareholder approval: Achieved at Toll's Extraordinary General Meeting on 28 May 2007 at The Grand Hyatt Melbourne
  (A webcast of the event can be viewed by clicking above right, or view Results of Meetings on 28 May 2007 by clicking here.)
• Court approval: Achieved on 1 June 2007
  Court Approves Toll Restructure

Toll separated its infrastructure assets (ports and Pacific National) from the logistics company to create the new Toll and Asciano. Dynamic growth opportunities were identified in both businesses, building on Toll's current strong results and performance.

Toll's shareholders received a share in Toll Holdings and a new share and a new unit in Asciano (stapled together). The Restructure has allowed 100% of Pacific National to be retained by Asciano.

Asciano began trading on the ASX for the first time on 6 June 2007 per a stapled security.

The restructure officially took place on 15 June 2007 and has now freed up Toll's balance sheet and set the Company to accelerate growth throughout all current operations.

We take this opportunity to thank all shareholders and employees for their valued support during this significant milestone event.

Toll Restructure Shareholder General Meeting and Scheme Meetings 1 and 2 were held at:

11.00 am 28 May 2007 The Grand Hyatt 123 Collins Street Melbourne VIC 3000

WebCast (click here)

Download Speeches      Download Presentation

Toll Restructure Proxy Voting

Proxy Voting was available online as below:

• General Meeting
• Scheme Meeting 1
• Scheme Meeting 2