EPIC
Overview
Equity Partners Infrastructure Company No. 1 Limited ("EPIC") was established in 2007.
The principal activity of EPIC is investing in infrastructure assets. EPIC currently has one principal investment:
- It has a significant investment in Moto, a leading motorway service area operator in the United Kingdom.
As at 31 March 2011, EPIC had approximately NZ$122m in assets and 1,800 shareholders.
EPIC NAV agreed at $0.45
Click here for more details.
EPIC Interim Financial Report for the six months ended 30 September 2011
The Interim Report is now available and can be viewed here
Shareholder Update from the Chair - 16 February 2012
The Shareholder Update from the Chair is now available and can be downloaded here.
EPIC internalises management
Equity Partners Infrastructure Company No.1 Limited (EPIC) today announced that it is internalising its management contract, having agreed terms with its manager, Equity Partners Infrastructure Management Limited (EPIM) – a wholly owned subsidiary of Pyne Gould Corporation Limited (PGC). Continue reading here
EPIC’s 1.24% indirect interest in Thames Water Redeemed
The EPIC Board is pleased to announce that it has successfully completed a transaction whereby all of its shares in Kemble Water International Holdings Limited (the holding company for its indirect investment in Thames Water) have been redeemed for total consideration of £36,636,271 (ex-dividend) prior to deduction of transaction costs and fees. Continue reading here
99.5% approval for a sale of EPIC’s 1.24% indirect interest in Thames Water
The EPIC Board would like to thank the Shareholders for their time in attending the Special Meeting of Shareholders. The Board is able to advise that the following resolution has been passed with 99.5% approval
- The sale by Equity Partners Infrastructure Company No. 1 Limited of its aggregate indirect interest in Thames Water at a gross consideration of not less than £34,000,000 (adjusted for any distributions received by the company prior to completion of the sale and prior to deduction of costs and fees) is authorised and approved on such terms as the Board of the company may approve.
Independent Appraisal Report Regarding Proposed Sale of 1.24% Indirect Shareholding in Thames Water
A full copy of the Independent Appraisal Report Regarding Proposed Sale of 1.24% Indirect Shareholding in Thames Water is now available and can be downloaded here. A hard copy can also be requested free of charge by emailing questions@epam.co.nz
Notice of Special Meeting to approve a sale of EPIC’s 1.24% indirect interest in Thames Water
Notice is hereby given that A Special Meeting of Shareholders of Equity Partners Infrastructure Company No. 1 Limited “EPIC” will be held at the Princes Ballroom, Pullman Hotel, Cnr Waterloo Quadrant & Princes Street, Auckland on Friday, 18 November 2011, at 10am. A copy of the documents sent out to shareholders can be downloaded here:
Shareholder Update from the Chair - 12 October 2011
The Shareholder Update from the Chair is now available and can be downloaded here.
Annual Meeting of Shareholders – 26 September 2011
The EPIC Board would like to thank the Shareholders for their time in attending the Annual Meeting of Shareholders. The Board is able to advise that the following resolutions have been passed:
1. Re-election of Margaret Devlin
2. Re-election of Brian Harrison
3. Authorisation of the Directors to fix the Auditor’s remuneration
A copy of the Chair's speech can be downloaded here.
Annual Report – March 2011
The Annual Report for the year ended 31 March 2011 is now available and can be downloaded here.
Brian Harrison joins EPIC Board
Brian Harrison, formerly a partner of international law firm Allen & Overy, has been appointed a director of Equity Partners Infrastructure Company, joining EPIC Chair Margaret Devlin and director John Duncan on the Board. Click here for the full release.
Shareholder Update from the Chair - 30 June 2011
The Shareholder Update from the Chair is now available and can be downloaded here.
Shareholder Update from the Chair - 2 June 2011
The Shareholder Update from the Chair is now available and can be downloaded here.
Strategic Review Shareholder Report - March 2011
The Strategic Review Shareholder Report is now available and can be downloaded here.
Interim Financial Report - September 2010
The Interim Financial Report for the six months ended 30 September 2010 is now available and can be downloaded here.
Governance and Management
EPIC is governed by a Board of Directors elected by its shareholders. The Board currently comprises:
- Margaret Devlin (Chair). Margaret is an independent director with over two decades experience within the international infrastructure sector, both at director and senior executive level. She is based in Hamilton. Margaret's current roles include; Director Metrowater, Director WEL Networks and Director Moto Holdings. Margaret has also been Chairman of Water UK and Managing Director of South East Water.
- George Kerr is the Group Managing Director of PGC and Chairman of Torchlight. He has spent his entire career in financial services and previously was Chairman of Brook Asset Management and Executive Director at Sterling Grace Portfolio Management.
- Brian Harrison is an independent director, formerly a partner of international law firm Allen & Overy. Brian has extensive experience in a broad range of sectors, including debt and capital markets, private equity, private public partnerships, and major infrastructure investments.
The principal activity of EPIC is investing in infrastructure assets. EPIC currently has one principal investment:
- An indirect investment in Moto Hospitality Limited, which is the leading operator of service areas on motorways and trunk roads in the United Kingdom. EPIC holds, through a wholly owned subsidiary, 17.49% of the issued share capital of Moto International. Moto International holds 73.86% of the issued share capital of Moto Holdings (with the balance of the shares held by, or for, directors or management of Moto Hospitality), which is the ultimate parent company of Moto Hospitality.
EPIC also has smaller investments in MGN Gas Networks (UK) Limited, the ultimate holding company of Wales & West Utilities Limited, a UK based gas network provider, and in Macquarie UK Broadcast Holdings Limited, the ultimate holding company of Arqiva, a UK based broadcast and transmission service provider.
Contact
For more information on EPIC, contact:
PO Box 3376
Shortland Street
Auckland 1140
Email: questions@epam.co.nz
Telephone: 09-927-9400