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FUTURE GENERATION AUSTRALIA LIMITED — Board/Management Information 2008
Jan 16, 2008
64916_rns_2008-01-16_1212e2f9-5296-4609-b9b2-ad4bba2fdab5.pdf
Board/Management Information
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ASX Announcement
Australian Infrastructure Fund (AIX)
17 January 2008
Resignation of AIX Chief Operating Officer
Australian Infrastructure Fund today announced the resignation of its Chief Operating Officer, Peter McGregor, with effect from 31[st] January 2008. Peter will also resign as a Director of Australian Infrastructure Fund Limited (AIFL) and as Director, Infrastructure at Hastings Funds Management Limited, the responsible entity of Australian Infrastructure Fund Trust and manager of AIFL.
The board of AIFL acknowledged Peter’s valuable contribution over the last two years. Chairman Paul Espie said, “Peter leaves with the best wishes of the board, and the Board has been pleased with the performance of the fund during his tenure. During the year to June 2007, AIX generated a total return to securityholders of 66%. The fund remains well positioned for delivering ongoing value to securityholders, and for further growth and expansion.”
Steve Boulton, Hastings’ Chief Executive, will replace Peter as a director of AIFL and will assume the role of Acting Chief Operating Officer pending an assessment of both internal and external candidates for the role. Steve joined Hastings in September 2007 from Babcock & Brown Infrastructure (BBI), a top 100 ASX listed transport and energy infrastructure entity where he held the role of CEO. Steve led the BBI business with distinction, building a strong infrastructure funds organisation with a global asset base, and focussed on acquisition, management and operations of infrastructure and utilities.
For further enquiries, please contact:
Peter McGregor Chief Operating Officer
Australian Infrastructure Fund Tel: +61 3 9654 4477 Fax: +61 3 9650 6555 Email: [email protected] Website: www.hfm.com.au
Simon Ondaatje Head of Investor Relations
Hastings Funds Management Tel: +61 3 9654 4477 Fax: +61 3 9650 6555 Email: [email protected] Website: www.hfm.com.au
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Claire Filson Company Secretary
Australian Infrastructure Fund
Unless otherwise stated, the information contained in this document is for informational purposes only. It does not constitute an offer of securities and should not be relied upon as financial advice. The information has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person or entity. Before making an investment decision you should consider, with or without the assistance of a financial adviser, whether any investments are appropriate in light of your particular investment needs, objectives and financial circumstances. Neither Hastings, nor any of its related parties, guarantees the repayment of capital or performance of any of the entities referred to in this document and past performance is no guarantee of future performance. Hastings, as the Manager or Trustee of various funds, is entitled to receive management and performance fees.