The Panel refers to the application dated 6 February 2023 by UIL Limited in relation to the affairs of The Market Herald Limited (TMH) (see TP23/008).
The Panel has considered an interim order sought by UIL Limited to suspend the rights issue announced by TMH on 24 January 2023, currently scheduled to close at 8:00pm (AEDT)/5:00pm (AWST) on Monday, 13 February 2023.
The Panel has decided not to make that interim order.
The Panel is still considering whether to conduct proceedings.
The Panel is Kelvin Barry, Karen Phin (sitting President) and Kerry Morrow.
Chief Executive, Takeovers Panel
Level 16, 530 Collins Street
Melbourne VIC 3000
Ph: +61 3 9655 3500