Blackstone takes $360 million stake in Australia’s Crown, stoking buyout hope

SYDNEY/BENGALURU (Reuters) – Private equity company Blackstone Group Inc (BX.N) bought a near 10% stake in Australian casino operator Crown Resorts Ltd (CWN.AX) from Macau’s Melco Resorts & Entertainment Ltd (MLCO.O), sending Crown shares soaring amid hopes of a buyout.

The deal accomplishes Melco’s plan to exit its Crown holdings as casino companies around the world rein in spending to cope with a shutdown to slow the spread of the coronavirus. Crown disclosed the deal in a market filing on Wednesday.

Blackstone’s purchase makes the private equity investor the second-largest holder in Crown after the company’s billionaire founder James Packer. The investment has stoked speculation that Blackstone, with $570 billion assets under management, may lob a bid for more or all of the Australian company.

Packer had planned to sell more of his 37% stake in Crown to Melco as part of a broader retreat from the business, but that deal encountered regulatory hurdles even before the coronavirus shutdown largely halted both companies’ operations.

Shares of Crown jumped as much as 12.3% to their highest since March 6 and were up 10% against a 1% gain on the benchmark ASX200 index .

“The sale has certainly stoked the fire of perceived corporate activity in Crown,” said James McGlew, executive director of corporate stockbroking at Argonaut.

“Hard to say if (a takeover) is imminent but as with big game hunting, it’s easier to track prey when it is weakened. COVID-19 has certainly done this to the casino and resort sector,” McGlew added, using the name for the respiratory illness caused by the new coronavirus.

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Blackstone decline to comment. Crown did not comment other than a short statement confirming the sale of 67.7 million shares by Melco to the private equity firm for A$8.15 each, putting the transaction value at A$551.6 million ($359.04 million).

Crown shares were trading at A$9.45 by early afternoon, a premium to the Blackstone purchase price, indicating investors are expecting Blackstone may add to its holdings.

The company’s shares have declined 21% since Feb. 20 when restrictions on movement, including border closures, battered industries that depend on public entertainment and tourism.

WOMEN’S DAY- DSE Hosted the RING THE BELL FOR GENDER EQUALITY WITH UN WOMEN

In celebrating the International Women’s Day, the DSE hosted the Ring the Bell for Gender Equality event that was organized by the UN Women, the UN Global Compact, the International Finance Corporation and the World Federation of Exchanges. Speaking in the picture is Hon. Sihaba Nkinga, Permanent Secretary – Ministry of Health, Community Development, Gender, Elders and Children who graced the occasion.

LISTING CEREMONY – NMB CORPORATE BOND TRANCHE 3 – Friday 2nd August, 2019

Mr. Nicodemus Mkama the CEO of CMSA ringing the bell of officiate listing of tranche 3 of the NMB corporate bond.

DSE – NOTICE OF THE 2ND ANNUAL GENERAL MEETING

DAR ES SALAAM STOCK EXCHANGE PLC

NOTICE OF THE 2ND ANNUAL GENERAL MEETING

Notice is hereby given that the 2nd Annual General Meeting (AGM) of the Shareholders of the Dar Es Salaam Stock Exchange PLC (DSE PLC) will be held on Saturday 29th April 2017 at Crystal Ballroom, Ground Floor, New Africa Hotel, Corner of Azikiwe Street/Sokoine Drive, Dar-es-Salaam at 10.00 a.m.

The Agenda for the meeting will be:
1. Adoption of the Agenda;
2. Confirmation of the Minutes of the 1st AGM and the 1st Extraordinary General Meeting of the DSE PLC;
3. Matters Arising from the 1st AGM of the DSE PLC;
4. To Receive and Adopt:
4.1 The Board’s Report for the year ended 30th June 2016;
4.2 The DSE Audited Financial Statements and Auditors’ Report for the year ended 30th June 2016;
4.3 Fidelity Fund Audited Financial Statements and Auditors’ Report for the year ended 30th June 2016;

5. To Ratify Auditors’ Fees;
6. Appointment of External Auditors for 2016/2017;
7. To Approve Directors’ Fees for the year ended 30th June 2016;
8. To Consider a Report on Directors’ Remuneration;
9. To Elect and Confirm New Directors to the Board; and
10. Any Other Business.

NOTICE OF THE 2ND EXTRAORDINARY GENERAL MEETING

Notice is hereby given that the 2nd Extraordinary General Meeting of the Shareholders of the DSE PLC will be held on Saturday 29th April 2017 at Crystal Ballroom, Ground Floor, New Africa Hotel, immediately after the AGM to consider a Special Resolution on DSE PLC Shareholding.

Notes:
1. A member wishing to attend the meeting will do so at their own costs and must come with a copy of his/her Depository Receipt together with an identification card like voter’s card or employment card or passport, for identification. Copies of the proxy forms will be available at the DSE Offices situated at 14th Floor, Golden Jubilee Towers, Ohio Street, Dar es Salaam as well as the Licensed Dealing Members of the DSE (Stock Brokers) effectively from 11th April 2017.

2. A member entitled to attend and vote at the meeting and who is unable to attend, can appoint a proxy to attend and vote in his/her behalf by submitting his/her name to the Company Secretary at the DSE Offices, 14th Floor, Golden Jubilee Towers, Ohio Street not later than 14:00 hours on Thursday 27th April 2017. In case of corporate body, the proxy must be under its common seal.

3. The Register Closing date for determining shareholders entitled to vote will be Tuesday 25th April 2017.

BY ORDER OF THE BOARD

Mary Stephen Mniwasa
Secretary to the Board
April 2017

SWALA PRESS RELEASE

29th June 2016

Swala Oil & Gas (Tanzania) PLC (“Swala” or “the Company”) advises that its main shareholder,
Swala Energy Limited (Australia), has placed itself in voluntary administration as part of the
restructuring plan that has previously been communicated to the market. Swala Australia aims to
emerge from administration with a streamlined corporate structure better adapted to the current
exploration market.
This development has no impact on Swala, which continues to progress its drilling campaign to
explore the Kito prospect later in 2016. The Company, ably helped by engineers from TPDC and
Tanroads, have been securing the necessary permits and mapping the necessary access roads to
facilitate smooth transportation of drilling equipment/ machinery to the site to ensure that the drilling
program remains on schedule.

For further information please contact:

Swala Oil & Gas (Tanzania) plc
David Mestres Ridge (CEO)
david.mestres@swala-energy.com
www.swala-energy.co.tz

Frontline Porter Novelli
Irene Kiwia
T. +255 787 611 213
irene@frontline.co.tz

About Swala:
Swala is an affiliated company to Swala Energy Limited, a company in turn listed on the Australian Stock
Exchange (ASX) with ticker “SWE”. Swala holds assets in the world-class East African Rift System with a total
net land package in excess of 8708 km2. New discoveries have been announced by industry participants in a
number of licences along this trend, including Ngamia and Twigga, which extend the multi-billion barrel
Albert Graben play so successfully developed by Tullow Oil into the eastern arm of the rift. Swala has an
active operational and business development programme to continue to grow its presence in the
hydrocarbon provinces of East Africa