The review Panel has further varied the orders of the initial Panel (see TP22/04) to delete order 1.
Order 1 required corrective substantial holder notice disclosure. The review Panel was informed that the parties required to make the further disclosure have accepted, or are in the process of accepting, into WAM's takeover bid for PM Capital Asian Opportunities. Accordingly, the review Panel accepted the submissions from PM Capital Global Opportunities Fund Limited, PM Capital Limited and Paul Moore (and associated entities) that corrective substantial holding notice disclosure was no longer necessary.
A copy of the variation is attached.
Chief Executive, Takeovers Panel
Level 16, 530 Collins Street
Melbourne VIC 3000
Ph: +61 3 9655 3500
SECTION 657EA AND 657D
VARIATION OF ORDERS
PM CAPITAL ASIAN OPPORTUNITIES FUND LIMITED 03R & 04R
Pursuant to sections 657D(3) and 657EA of the Corporations Act 2001 (Cth).
THE PANEL ORDERS
The final orders made on 3 December 2021 and varied on 12 January 2022 are further varied by deleting Order 1.
with authority of Alex Cartel
President of the sitting Panel
Dated 13 January 2022