Respondents are required to outline their rationale in selecting its Equity Investors and to explain its approach to managing its equity investment in Project Co. To the extent that equity is intended to be provided by way of an investment fund or other passive form of investment, details of the active management arrangements must be provided. This should include the terms of any asset management agreements between the proposed asset manager and Project Co.
Respondents are required to provide a statement from each Equity Investor in relation to the expected duration of its equity investment, including any intentions to sell down equity to a listed fund or otherwise meet the change in control provisions of the Project Deed[, including the impacts of [#the State Contributions/#State Contribution] on equity].
Respondents must also provide details of any proposals for (or restrictions on) the timing and quantum of any future sell down of equity.
Respondents should provide a description of proposed Permitted Share Capital Dealings for the purposes of Schedule 15 (Permitted Share Capital Dealings Schedule) of the Project Deed.
Respondents should note that the equity structure will be incorporated into Schedule 14 (Ownership Schedule) of the Project Deed.