InvestorInfo Limited - Panel Accepts Undertakings

Release number


Following the Panel’s media release TP04/22, released on 16 March 2004, regarding the Panel’s decision to conduct proceedings in relation to the current Rights Offer by InvestorInfo Limited (INV), INV has undertaken to the Panel that it will not allot any new shares under the Rights Offer before the earlier of:

  • the date on which the Panel determines its proceedings; or
  • 5.00pm on Tuesday 13 April 2004, which is immediately prior to the expected final date for allotment as set out in section 6 of the Rights Offer prospectus dated 13 February 2004 (Prospectus).

The Panel has not received full submissions from parties regarding the application and has not made any decision regarding the merits of the parties’ submissions or whether or not unacceptable circumstances exist in relation to the Rights Offer.

INV’s undertakings have been provided in order to preserve the existing circumstances while the proceedings continue and to maintain the Panel’s ability to make any final orders required by the circumstances and the proceedings. The undertakings provided do not affect the period for applications to be received under the Rights Offer.

As part of the proceedings, the Panel will have regard to the number of applications received by INV under the Rights Offer.

George Durbridge
Director, Takeovers Panel
Level 47 Nauru House
80 Collins Street
Melbourne VIC 3000,
Ph: +61 3 9655 3553