Minemakers Limited – Panel Accepts Further Undertaking

Release number


Document download

On 8 June 2012, UCL Resources Limited provided an undertaking in lieu of the Panel making interim orders in response to an application from Minemakers Limited in relation to its affairs (see TP12/32 and TP12/33).  The undertaking will expire at the end of this week.

UCL has agreed to give a further undertaking in the same form as the original undertaking except that the new undertaking expires on completion of the Panel proceedings brought by Minemakers. 

A copy of the undertaking is attached.

Allan Bulman
Director, Takeovers Panel
Level 10, 63 Exhibition Street
Melbourne VIC 3000
Ph: +61 3 9655 3597

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

Minemakers Limited (Minemakers)

UCL RESOURCES LIMITED (UCL) undertakes to the Panel that it will not, before the completion of the Panel proceedings brought by Minemakers by application dated 5 June 2012:

  1. despatch to Minemakers shareholders the original bidder’s statement lodged with ASIC on 28 May 2012 or any supplementary bidder’s statement or replacement bidder’s statement and
  2. publish (or further publish to the extent already published) such information.

UCL agrees to confirm in writing to the Panel when it has satisfied its obligations under this undertaking.

This undertaking replaces the undertaking dated 8 June 2012.

Signed by Chris Jordinson, Managing Director
with the authority, and on behalf, of UCL
Dated 15 June 2012