Merlin Diamonds Limited - Panel Makes Interim Orders

The Panel has made interim orders¹ in response to an application for interim orders by Thomas Reddicliffe in relation to the affairs of Merlin Diamonds Limited. 

In order to maintain the status quo while it considers the application, the Panel has ordered that, in the absence of Panel consent, the persons referred to in the interim orders must not dispose of, transfer, charge or otherwise deal with their securities in Merlin Diamonds Limited.

The interim orders have effect until the earliest of further order of the Panel, determination of the proceedings or 2 months from the date of the interim orders.

A copy of the interim orders is attached.

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

Corporations Act
Section 657E
Interim Orders

Merlin Diamonds Limited

Mr Thomas Henry Reddicliffe made an application to the Panel dated 31 October 2016 in relation to the affairs of Merlin Diamonds Limited (“Merlin”).

The Panel orders:

1. Without the consent of the Panel, each of the persons named in the schedule, and each of their respective associates, must not dispose of, transfer, charge or otherwise deal with any securities of Merlin in which they have a relevant interest.
2. These interim orders have effect until the earliest of:
   1. further order of the Panel
   2. the determination of the proceedings and
   3. 2 months from the date of these interim orders.

Schedule

Regals Fund LP, a Delaware limited partnership

Mazil Pty Ltd ACN 166 570 270

Great Central Gold Limited

Trinity Management Group Pty Ltd ACN 089 073 361

Atlantic Holdings (Aust) Pty Ltd ACN 165 242 759

NRMZ Pty Ltd ACN 604 624 580

Chabad Properties Pty Ltd ACN 107 936 229

Mordechai Gutnick, director of Merlin

Joseph Gutnick, former director of Merlin

Bruce Dyer
Counsel
with authority of James Dickson
President of the sitting Panel
Dated 7 November 2016

¹BACKGROUND: An interim order is designed to maintain the status quo until the Panel can consider the application in detail. It may be made by the President or a sitting Panel. Often a sitting Panel has not been appointed at the stage of considering the making of an interim order. An interim order does not indicate that the Panel has decided to conduct proceedings or necessarily indicate the merits of an application for a declaration of unacceptable circumstances.