Gladstone Pacific Nickel Limited 02 - Undertaking [24/08/2011] The Takeovers Panel

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TP11/60
Wednesday, 24 August 2011

Gladstone Pacific Nickel Limited 02 – Undertaking

The Panel has accepted an undertaking from Gladstone Pacific Nickel Limited in relation to the application dated 19 August 2011 by Robash Pty Ltd (see TP11/59).

Gladstone has undertaken not to issue the prospectus lodged with ASIC on 12 August 2011 relating to the proposed 11 for 1 non-renounceable rights issue before 19 September 2011 or thereafter without first giving the Panel and the parties 48 hours of its intention to do so.

A copy of the undertaking is attached (Annexure A).

Allan Bulman
Director, Takeovers Panel
Level 10, 63 Exhibition Street
Melbourne VIC 3000
Ph: +61 3 9655 3597
allan.bulman@takeovers.gov.au


Annexure A

Australian Securities and Investments Commission Act 2001 (Cth)
Section 201A
Undertaking

GLADSTONE PACIFIC NICKEL LIMITED 02

Pursuant to section 201A of the Australian Securities and Investments Commission Act 2001 (Cth), Gladstone Pacific Nickel Limited (Gladstone) undertakes to the Takeovers Panel (Panel) that it will not issue the prospectus lodged with ASIC on 12 August 2011 relating to the proposed 11 for 1 non-renounceable rights issue:

  • before 19 September 2011 or
  • after 19 September 2011 without first giving the Panel and the parties 48 hours of its intention to do so.

This undertaking has effect until the earliest of:

  • an order of the Panel or
  • the determination of the Panel proceedings.

Signed by Blake Dawson (R A Flynn, Partner)
with the authority, and on behalf, of
Gladstone Pacific Nickel Limited
Dated 23 August 2011