Benjamin Hornigold Limited and Henry Morgan Limited - Panel Decision

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The Panel has affirmed the decisions of ASIC to refuse relief under s655A(1)1 to Benjamin Hornigold and Henry Morgan to:

  • extend time for the dispatch of their target's statements and
  • permit them to lodge incomplete target's statements.2

For further information in relation to these applications see TP18/77.

The sitting Panel was Yasmin Allen, James Dickson (President) and Bruce McLennan.  The Panel will publish its reasons for the decision in due course on its website.

Allan Bulman
Director, Takeovers Panel
Level 10, 63 Exhibition Street
Melbourne VIC 3000
Ph: +61 3 9655 3500

1 - Unless otherwise indicated, all statutory references are to the Corporations Act 2001 (Cth), and all terms used in Chapter 6 or 6C have the meaning given in the relevant Chapter (as modified by ASIC)

2 - this relief was sought in the alternative