TP23/040
The Panel has accepted an undertaking from Gamestar Studios Pty Ltd (Gamestar), Imagination Entertainment Pty Ltd (Imagination) and their associates in relation to the application dated 20 November 2023 by Mighty Kingdom Limited (see TP23/035).
Gamestar, Imagination and their associates undertake that they will not, and will ensure that no steps are taken by any person to, vote, sell, transfer or otherwise dispose of any shares in Mighty Kingdom which have not been paid for in full pursuant to the share subscription agreement between Gamestar and Mighty Kingdom dated on or about 4 August 2022 (as amended).
The undertaking has effect until the determination of the proceedings.
A copy of the undertaking is attached.
Allan Bulman
Chief Executive, Takeovers Panel
Level 16, 530 Collins Street
Melbourne VIC 3000
Ph: +61 3 9655 3500
takeovers@takeovers.gov.au
Annexure A
Australian Securities and
Investments Commission Act 2001 (Cth) Section 201A
Undertaking
Mighty Kingdom Limited
Gamestar Studios Pty Ltd (Gamestar), Imagination Entertainment Pty Ltd and their associates undertake to the Panel that, without the Panel’s consent, they will not, and will ensure that no steps are taken by any person, to:
- vote any shares in Mighty Kingdom Limited (Mighty Kingdom) or
- sell, transfer or otherwise dispose of any shares in Mighty Kingdom,
which have not been paid for in full pursuant to the share subscription agreement between Gamestar and Mighty Kingdom dated on or about 4 August 2022 (as amended), until the determination of the proceedings.
Signed by Shane Yeend of Gamestar Studios Pty Ltd
with the authority, and on behalf, of
Gamestar Studios Pty Ltd
Dated 28 November 2023
Signed by Shane Yeend of Imagination Entertainment Pty Ltd
with the authority, and on behalf, of
Imagination Entertainment Pty Ltd
Dated 28 November 2023
