Yancoal Australia Limited 02 and Yancoal Australia Limited 03 - Undertakings [10/08/2017] The Takeovers Panel

PDF iconPDF 91KB

TP17/42
Thursday, 10 August 2017

Yancoal Australia Limited 02 and Yancoal Australia Limited 03 - Undertakings

The Panel President has accepted undertakings from Yancoal Australia Limited in relation to the applications by (i) Senrigan Capital Management Ltd and Mr Taylor dated 8 August 2017 (see TP17/40) and (ii) Mt Vincent Holdings Pty Ltd and Osendo Pty Ltd (Noble Group) dated 9 August 2017 (see TP17/41).

Yancoal has undertaken in respect of each application not to process applications under the entitlement offer announced on 1 August 2017 until the earliest of 5pm (Melbourne time) 18 August 2017, an order of the Panel otherwise preventing processing and the determination of the proceedings.

A copy of the undertakings is attached (Attachments A and B).

 

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


ATTACHMENT A

AUSTRALIAN SECURITIES AND
INVESTMENTS COMMISSION ACT 2001 (CTH) SECTION 201A
UNDERTAKING

YANCOAL AUSTRALIA LIMITED 02

Yancoal Australia Limited undertakes to the Panel that, without the Panel's consent, it will not process any applications received in relation to the entitlement offer announced by it on 1 August 2017 until the earliest of:

  1. 5pm (Melbourne time) on 18 August 2017
  2. an order of the Panel otherwise preventing processing and
  3. the determination of the proceedings.

Signed by Reinhold Schmidt of Level 26, 363 George Street, Sydney
with the authority, and on behalf, of Yancoal Australia Limited

Dated: 10 August 2017


ATTACHMENT B

AUSTRALIAN SECURITIES AND
INVESTMENTS COMMISSION ACT 2001 (CTH) SECTION 201A
UNDERTAKING

YANCOAL AUSTRALIA LIMITED 03

Yancoal Australia Limited undertakes to the Panel that, without the Panel's consent, it will not process any applications received in relation to the entitlement offer announced by it on 1 August 2017 until the earliest of:

  1. 5pm (Melbourne time) on 18 August 2017
  2. an order of the Panel otherwise preventing processing and
  3. the determination of the proceedings.

Signed by Reinhold Schmidt of Level 26, 363 George Street, Sydney
with the authority, and on behalf, of Yancoal Australia Limited

Dated: 10 August 2017