The Panel has made a declaration of unacceptable circumstances and final orders in relation to an application dated 29 September 2010 by NGM Resources Limited in relation to its affairs.
The Panel, Byron Koster, Mark Paganin (sitting President) and Nora Scheinkestel, declined to conduct proceedings on an application by Lenark Pty Limited in relation to the affairs of TheChairmen1 Pty Ltd and Guildford Coal Limited. The application concerned a proposed capital raising in C1 by way of placement and rights issue.
The Panel has declined to conduct proceedings on an application dated 17 September 2010 by Lenark Pty Limited in relation to the affairs of TheChairmen1 Pty Ltd (C1) and Guildford Coal Limited.
The Panel has made interim orders in response to an application dated 17 September 2010 by Lenark Pty Limited in relation to the affairs of TheChairmen1 Pty Ltd and Guildford Coal Limited.
The Takeovers Panel announced today that it has published two Guidance Notes: a rewritten version of Guidance Note 1 on Unacceptable Circumstances and a new Guidance Note 22 on Recommendations and Undervalue Statements.
The Panel, Guy Alexander (sitting President), Sophie Mitchell and Andrew Sisson, declined to make a declaration of unacceptable circumstances in relation to the affairs of RHD following acceptance of undertakings to amend the SIA. The application concerned the proposed acquisition by Peoplebank of RHD by way of scheme of arrangement announced on 19 July 2010.
The Panel has consented to a request by Corom Pty Ltd to withdraw its review application to the Panel dated 10 September 2010 in relation to the affairs of Ross Human Directions Ltd.
The Panel today published the reasons for its decision on an application dated 24 August 2010 from Corom Pty Ltd in relation to the affairs of Ross Human Directions Ltd.