The Panel has made interim orders with respect to the application concerning Emperor Mines Limited (Emperor) which was the subject of Panel media release TP 04/87, released on 29 September 2004.
The Panel’s interim orders have been made in relation to the proposed rights issue by Emperor to be made under a prospectus dated 13 September 2004 (the Prospectus). The interim orders extend the deadline for acceptance of offers under the Prospectus until 5pm (Australian Eastern Standard Time) on 22 October 2004.
The Panel has made the interim orders to ensure that Emperor shareholders are not required to make a decision in relation to whether or not to participate in the rights issue in circumstances where there is uncertainty as to whether the rights issue will proceed or the circumstances in which it will proceed.
The Panel may make further interim orders in this matter, including to extend further the closing date for acceptance.
Director, Takeovers Panel
Level 47, 80 Collins Street
Melbourne, VIC 3000
Ph: +61 3 9655 3501