HHY – Notice of extension of Offer Period

June 29th, 2017

Aurora Funds Management Limited (ACN 092 626 885), as responsible entity of the Aurora Global Income Trust (ARSN 127 692 406) (“Bidder”) made an offer for all of the ordinary Units in the HHY Fund (ARSN 112 579 129) (“Target”), as set out in the Bidder’s Statement dated 18 November 2016 and First Supplementary Bidder’s Stated dated 19 January 2017 (“Bidder’s Statements”).

Words defined in the Bidder’s Statements have the same meaning in this document unless the context requires otherwise.

In accordance with sections 650C, 650D and 630(2) of the Corporations Act, the Bidder hereby encloses a notice of variation confirming:

1. Bidder has extended the Offer Period to 7:00pm (Melbourne Time) Friday, 21 July 2017 (“Extension of the Offer Period”);

2. the new date for giving of the notice of the status of the Conditions is Friday, 14 July 2017 as a result of the Extension of the Offer Period; and

3. Target Unitholders who have already accepted the Offer before or on the date of the notice have a right to withdraw their acceptance of the Offer.

Read more here.

Molopo Energy Limited – Declaration by Takeovers Panel

May 31st, 2017

Further to the announcements made by Aurora Funds Management Limited (“Aurora”) on 12 April 2017 and 18 April 2017 in relation to applications made by the Australian Securities and Investments Commission (“ASIC”) and Molopo Energy Limited (“Molopo”) to the Takeovers Panel (“Panel”), the Panel has conducted proceedings and today published a declaration.

The Panel did not find that Aurora and Keybridge Capital Limited (“Keybridge”) were associates in relation to Molopo, as was alleged by ASIC and Molopo. However, the Panel did consider that certain circumstances in relation to Aurora and Keybridge give rise to unacceptable circumstances in relation to the affairs of Molopo.

Aurora made extensive submissions and provided detailed evidence to the Panel as to why it did not believe there were any unacceptable circumstances involving Aurora in relation to Molopo. Aurora is currently considering the declaration and any action it may wish to take in response to it.

Separately, the Panel is now considering what, if any, final orders to make and Aurora will make a further announcement in due course.

A copy of the declaration has been released to the market by the Panel.

Off Market Takeover Bid for all the units in the HHY Fund

May 25th, 2017

Aurora Funds Management Limited (ACN 092 626 885), as responsible entity of the Aurora Global Income Trust (ARSN 127 692 406) (“Bidder”) made an offer for all of the ordinary Units in the HHY Fund (ARSN 112 579 129) (“Target”), as set out in the Bidder’s Statement dated 18 November 2016 and First Supplementary Bidder’s Stated dated 19 January 2017 (“Bidder’s Statement”).

Words defined in the Bidder’s Statement have the same meaning in this document unless the context requires otherwise.

In accordance with sections 650C, 650D and 630(2) of the Corporations Act 2001 (Cth) (“Corporations Act”), the Bidder hereby encloses a notice of variation confirming:

1. Bidder has extended the Offer Period to 7:00pm (Melbourne Time) Friday, 30 June 2017 (“Extension of the Offer Period”);
2. the new date for giving of the notice of the status of the Conditions is Friday, 23 June 2017 as a result of the Extension of the Offer Period; and
3. Target Unitholders who have already accepted the Offer before or on the date of the notice have a right to withdraw their acceptance of the Offer.

Read more here.

AOD – Voluntary Suspension From Trading

April 27th, 2017

Further to the announcement dated 26 April 2017, AOD will be suspended from trading on the ASX in accordance with Operating Rule Schedule 10A.8.1 while its Product Disclosure Statement (“PDS”) is being refreshed.

We note that during the period of the suspension:
 Off market redemptions for AOD unit holders will continue to be processed in the ordinary course;
 Daily updates to AOD’s Net Tangible Assets and other investor communication will continue in the ordinary course;
 Franked distribution payments from AOD will continue in the ordinary course;
 AOD continues to be open to new wholesale investors on an off market basis; and
 All terms in AOD’s previously released PDS will continue to apply save as varied in accordance with the terms of the PDS and the voluntary suspension.

Once AOD’s refreshed PDS has been finalised and lodged, AOD will resume trading on the ASX and new retail applications will recommence being accepted. Aurora Funds Management Limited apologizes to investors for any inconvenience caused and will provide further updates in due course.

Appointment of Chief Operating Officer

April 26th, 2017

Aurora Funds Management Limited is pleased to announce it has expanded its management team with the appointment of Mr Ben Norman to the role of Chief Operating Officer, effective 26 April 2017.

Ben is a qualified Chartered Accountant, with over 16 years of professional and industry experience. Prior to joining Aurora, Ben was a Director in Ernst & Young’s Transaction Advisory Services division, where he spent over 9 years working on numerous due diligence, performance improvement, restructuring, turnaround, financial modelling and transaction integration engagements with clients in all industry sectors. While working with Ernst & Young, Ben also performed extended secondments with global financier GE Capital in a senior risk and compliance role and with ASX listed Origin Energy Limited as a finance manager in Origin’s upstream business.

Prior to joining Ernst & Young, Ben held a senior finance position with gas transmission business Epic Energy (which was owned by the ASX listed Hastings Diversified Utilities Fund, backed by Westpac Banking Corporation) where he was responsible for overall financial control and compliance.

Managing Director, John Patton, commented, “we are delighted to have secured the services of a very senior and experienced industry professional to Aurora’s management team. Ben Norman’s extensive professional and industry experience will be a valuable addition to Aurora’s capabilities”.

Operational Update

In light of the changes that have taken place within the business, Aurora has decided to update and refresh its Product Disclosure Statement (PDS). Pending this review being finalized, Aurora has withdrawn its PDS for new retail applications, however all existing terms will continue to apply save as varied in accordance with the terms of the PDS. Upon the lodgment of an updated PDS, the fund will then accept applications from new retail investors.

Off Market Takeover Bid for all the units in the HHY Fund

March 27th, 2017

In accordance with section 630(5)(b) of the Corporations Act 2001 (Cth), Aurora Funds Management Limited (ACN 092 626 885), in its capacity as responsible entity of the Aurora Global Income Trust (ARSN 127 692 406) (Bidder), attaches a copy of a notice of variation (Notice of Variation).

HHY Fund unitholders are encouraged to read the Notice of Variation in its entirety as it informs HHY Fund unitholders that:
1. Bidder has extended the Offer Period to 7:00pm (Melbourne Time) Wednesday, 31 May 2017 (“Extension of the Offer Period”);

2. the new date for giving of the notice of the status of the Conditions is Wednesday, 24 May 2017 as a result of the Extension of the Offer Period; and

3. HHY Fund Unitholders who have already accepted the Offer before or on the date of the notice have a right to withdraw their acceptance of the Offer.

A copy of the Notice of Variation is dated 24 March 2017 and was lodged with ASIC on that date.

Read more here.

Takeover Bid for all the units in the HHY Fund Update

February 21st, 2017

In accordance with section 630(5)(b) of the Corporations Act 2001 (Cth), Aurora Funds Management Limited (ACN 092 626 885), in its capacity as responsible entity of the Aurora Global Income Trust (ARSN 127 692406) (Bidder), attaches a copy of a notice of variation (Notice of Variation).

HHY Fund unitholders are encouraged to read the Notice of Variation in its entirety as it informs HHY Fund unitholders that:

1. Bidder has extended the Offer Period to 7:00pm (Melbourne Time) Friday, 31 March 2017 (“Extension of the Offer Period”);

2. the new date for giving of the notice of the status of the Conditions is Friday, 24 March 2017 as a result of the Extension of the Offer Period; and

3. HHY Fund Unitholders who have already accepted the Offer before or on the date of the notice have a right to withdraw their acceptance of the Offer.

A copy of the Notice of Variation is dated 20 February 2017 and was lodged with ASIC on that date.

Read more here.

Off Market Takeover Bid for all the units in the HHY Fund

January 25th, 2017

In accordance with sections 630 (5)(b) and 647 (3)(b) of the Corporations Act 2001 (Cth), Aurora Funds Management Limited (ACN 092 626 885), in its capacity as responsible entity of the Aurora Global Income Trust (ARSN 127 692 406) (Bidder), attaches a copy of its first supplementary bidder’s statement with the enclosed notice of variation (First Supplementary Bidder’s Statement).

HHY Fund unitholders are encouraged to read the First Supplementary Bidder’s Statement in its entirety here.

Appointment of Compliance Committee Member

January 19th, 2017

Aurora Funds Management Limited, as Responsible Entity for Aurora Global Income Trust is pleased to announce the Board has appointed Mr Jim Hallam as an external member of the Responsible Entity’s Compliance Committee to replace Mr David Lewis who has resigned. Jim’s appointment will take effect immediately.

Jim is currently a Non‐Executive Director of Aurora Funds Management Limited.

Jim was appointed as Non‐Executive Director of Aurora Funds Management Limited on 30 June 2016. Jim has over 20 years’ finance and operational experience in Australian funds and investment management experience. Focused on building strong strategically important processes to create and support funds management, Jim’s expertise in finance includes his role as CFO at Hastings Funds Management Limited from 1997 to 2006. Whilst at Hastings, funds under management grew from A$500 million to A$3,600 million, with investments being made in Australia, UK and the US for listed and unlisted funds. His experience spans a diverse range of businesses including toll roads, airports, electricity and gas transmission networks, water utilities, timber plantations, telecommunications, ports and stadiums.

The Board wish to thank Mr Lewis for his considerable contribution since his appointment.

Change of Registered Address

December 22nd, 2016

Aurora Funds Management Limited’s Registered Office and Principal Place of Business will change with effect from today, 22 December 2016, with new details as follows:

Suite 613
Level 6
370 St Kilda Road
Melbourne, Victoria 3004

Tel: 1300 553 431

Email: enquiries@aurorafunds.com.au

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