1. For 7 years since the Spanish board coup at
CIMIC, you have not taken investor relations seriously. Now there is a charm
offensive with the new executive chairman doing the rounds of investors and
proxy advisers. Why the change of tune?
2. We are in dispute with Transurban in the
Victoria Supreme Court over the disastrous $6.7n Westgate Tunnel project which
has blown out by billions and a couple of years. Is it correct we are also in
dispute with our Chinese-owned partner on the construction job, John Holland?
3.
Media reports suggested we had pulled out of the
bidding for the $15 billion North East Link project. Then CPB won the major
early works contract and we are now bidding for the main job. Is this because
the Vic Govt has agreed to take on more project risk?
4. Who are we partnering with in our bid for the
$15 billion North East Link project in Melbourne and is our dispute with the
Victorian Government over the disastrous
$6.7 billion Westgate Tunnel project going to inhibit our chances of winning
this contract?
5. Why
did we hand back $20m worth of JobKeeper revenue? Was it legal for us to claim
this subsidy and, if so, why didn't we follow the lead of most other listed ASX
companies and keep it? If everyone else is rorting, why not us?
6. Please
explain the full history of our relationship with the collapsed Greensill
group. Why did we get so involved with them and when did we end this
relationship? What are the standard payment terms for our suppliers across
Australia at the moment?
7. CIMIC's
former CFO Peter Gregg was acquitted on appeal last September in relation to
criminal convictions over allegedly hidden bribes. What support did CIMIC
provide to its former CFO during his 6 year ordeal with ASIC & the
courts?
8. Madrid-based
ACS is the dominant CIMIC shareholder with a 77.7% stake. Apart from the new
exec chair, how many Spanish speaking full-time CIMIC executives do we
currently have seconded to the Australian operations? Is their a Spanish
speaking faction at CIMIC?
9. Given
that you were prepared to sell 50% of the Thiess crown jewels to Elliott for
$2.15 billion, why doesn't Madrid-based ACS instead raise much needed cash by
selling down its CIMIC stake from 77.77% to 50%, retaining clear control?
10.
What are the conflict dispute provisions and pre-emptive rights
entitlements in the Thiess joint venture with Elliott given it is 50-50. If you
disagree, how do you resolve it? If one party wants to sell, does the other
have pre-emptive rights to buy them out? Is there any agreed timetable for
Elliott to monetise their interest through an exit?
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