Gulf Alumina Limited - Variation of Orders

Release number


Document download

The Panel made a declaration of unacceptable circumstances and final orders on 11 March 2016 regarding an application dated 15 February 2016 from Metro Mining Limited in relation to the affairs of Gulf Alumina Limited (see TP16/08 and TP16/15).

The Panel’s orders were varied on 21 March 2016 (see TP16/16), 1 April 2016 (see TP16/18) and 12 April 2016 (see TP16/22).

On 2 May 2016, Gulf applied to vary the Panel’s orders to allow more time for the independent expert to prepare its report.  After considering submissions, the Panel has further varied its orders (see Annexure A) to extend the time for Gulf to issue and dispatch a copy of its supplementary target’s statement, including a copy of the independent expert’s report, to no later than 11 May 2016.

The sitting Panel was Richard Hunt (Sitting President), Andrew Lumsden and Karen Phin.

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

Annexure A

Corporations Act
Section 657D(3)
Variation of Orders

Gulf Alumina Limited

The Panel Orders

The final orders made on 11 March 2016, as varied on 21 March 2016, 1 April 2016 and 12 April 2016 are further varied by replacing the words "by no later than 9 May 2016" with "no later than 11 May 2016" in paragraph 2(d).

Alan Shaw
with authority of Richard Hunt
President of the sitting Panel
Dated 4 May 2016