Panel Receives Application in Relation to IAMA Ltd

The Takeovers Panel advises that late last week it received an application by IAMA Ltd for a declaration of unacceptable circumstances in relation to actions and public statements made by persons and companies associated with Futuris Ltd.

However, the application has today been withdrawn, in conjunction with the settlement of an action in the Supreme Court of South Australia. Therefore the Panel has not been required to determine the matter or to make any declaration or orders.

Nigel Morris
Director, Corporations and Securities Panel
Level 47 Nauru House 80 Collins Street
(03) 9655 3501
nigel.morris@takeovers.gov.au