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At least, that’s what you might think if you took a quick glance at the business headlines this morning. David Ross, the Ponzi-accused former manager of Ross Asset Management, appeared in the District Court in Wellington this morning for substantive hearings on eight Crimes and Financial Advisers Act charges. The information in this announcement is of a general nature and does not purport to be complete nor does it contain all the information which a prospective investor may require in evaluating a possible investment in the Company or that would be required in a product disclosure statement under the FMCA or a prospectus under the Corporations Act 2001 (Cth). Infratil is a New Zealand headquartered global infrastructure investor with a significant portfolio of investments in digital infrastructure, renewables, healthcare and airports. Further details of the acquisition of One NZ and the Equity Raising are set out in the Investor Presentation provided to the NZX and ASX today.

Infratil will fund the NZ$1.8 billion acquisition via a NZ$850 million equity raising, cash reserves and debt facilities. One NZ has been transformed since Infratil’s initial acquisition in 2019 and today holds a strong market position in mobile and is delivering growth across multiple segments. Post equity raise and completion of the One NZ transaction, Infratil’s wholly owned group gearing is expected to be 18.7% with NZ$927.7 million of available liquidity. Infratil intends to conduct a non-underwritten Retail Offer to eligible existing shareholders to raise up to NZ$100 million, with the ability to scale applications or accept over subscriptions at Infratil’s discretion. New shares to be issued under the Retail Offer will be issued at the lower of the Placement Price or a 2.5% discount to the five-day VWAP of Infratil on the NZX up to, and including, the closing date of the Retail Offer. A trading halt has been granted by NZX and ASX to facilitate the Placement. All eligible shareholders will be able to participate through either the Placement or the Retail Offer. Any decision to acquire New Shares under the Retail Offer should be made on the basis of all information provided in relation to the Offer, including the separate offer document to be lodged with NZX and ASX (the "Offer Document").

New Shares to be issued under the Retail Offer will rank equally with existing Infratil shares on issue and will be quoted on the NZX and ASX from the date of Retail Offer allotment. "The equity raise is a $750 million underwritten placement, which happens today, and then a $100 million retail offer that runs until 27 June and is not underwritten. One NZ is a leading New Zealand digital services and connectivity company with 2.7 million connections and population coverage of more than 98% of New Zealand. RD - Getting talented people in New Zealand. However, it did briefly read a disc, in fact I played a whole album without fault - the problem was with getting the player to switch on at all, indicating to me that it wasn't a laser issue. I can't honestly say this is project turned out 100% the way I wanted it to (as you'll see if you read on) but I think it came out OK in the end. For information on XBMC, please read it here, you can also find the screenshots of the default conference skin on XBMC here.

4th, unlike many other PMP players out there, this PMP uses 2.5" hard disk, not 1.8", i.e. the hard disk is easily available in the market and can be replaced/upgraded when required. Answer: 1st, many PMP players only support selected file formats, such as either DIVX or XVID but not both, whereas this PMP support essentially all formats on the market. The service and support has been exceptional from day one and the team continues to impress us. This should provide reasonable protection against scratches and other insults from day to day usage. As we got into we saw that the consumer Internet, which must be the worlds biggest market is hard to directly monetize - often companies go to an advertising based model. The Interactive Advertising Bureau of New Zealand (IAB NZ) has announced that Liz Fraser, head of MSN New Zealand has been elected as its new chairperson and general manager of Yahoo! Geoff Brown has quit his role at NZX as head of market products at NZX.

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