The Panel made a declaration and final orders on 25 June 2012 in response to an application dated 5 June 2012 by Minemakers Limited in relation to its affairs (see TP12/36).
Minemakers sought an order that its costs in relation to the proceedings be paid by UCL Limited. The Panel indicated to the parties that it was not minded to make an order for costs, but would be prepared to revisit this issue depending on:
The Panel today published the reasons for its decision on an application dated 5 June 2012 by Minemakers Limited in relation to its affairs.
Details of the Panel's decision can be found at TP12/36.
The Panel's reasons for its decisions are on the Panel's website.
The sitting Panel was Andrew Low, Jane Sheridan and Heather Zampatti (President).
The Panel has declined to conduct proceedings on an application dated 15 June 2012 from Ms Geraldine Carter in relation to the affairs of Flinders Mines Limited.
On 30 March 2012, Flinders shareholders voted in favour of a scheme of arrangement under which Magnitogorsk Iron and Steel Works OJSC (MMK) or its nominee would acquire all of the issued ordinary shares of Flinders not already held by MMK for A$0.30 per share.
The Panel today published the reasons for its decision on an application dated 15 June 2012 from Ms Geraldine Carter in relation to the affairs of Flinders Mines Limited.
Details of the Panel's decision can be found at TP12/38.
The Panel's reasons for its decisions are on the Takeovers website.
The sitting Panel was Garry Besson (sitting President), Catherine Brenner and Justin Gleeson SC.
The Panel has received an application from The President's Club Limited in relation to its affairs.
Details of the application, as submitted by the applicant, are below.
A sitting Panel has not been appointed at this stage and no decision has been made whether to conduct proceedings. The Panel makes no comment on the merits of the application.
President's Club is an unlisted public company with more than 50 members. It operates a time share scheme at the Palmer Coolum Resort (formerly known as the Hyatt Coolum Resort).
The Panel has made a declaration of unacceptable circumstances (Annexure A) and orders (Annexure B) in relation to an application dated 5 June 2012 by Minemakers Limited in relation to its affairs (see TP12/32).
Minemakers is currently the subject of an off-market takeover bid by UCL Resources Limited.
On 8 June 2012, UCL Resources Limited provided an undertaking in lieu of the Panel making interim orders in response to an application from Minemakers Limited in relation to its affairs (see TP12/32 and TP12/33). The undertaking will expire at the end of this week.
UCL has agreed to give a further undertaking in the same form as the original undertaking except that the new undertaking expires on completion of the Panel proceedings brought by Minemakers.
The Panel has received an application from Ms Geraldine Carter in relation to the affairs of Flinders Mines Limited.
Details of the application, as submitted by the applicant, are below.
A sitting Panel has not been appointed at this stage and no decision has been made whether to conduct proceedings. The Panel makes no comment on the merits of the application.