Panel Publishes Index of Its Decisions 2006-2012
The Panel has published an index of its decisions from 2006-2012. The index can be found at the "Index of Reasons" tab on the Panel's website.
Knights Capital Group Limited - Panel Accepts Undertaking, Declines to Conduct Proceedings and Publishes Reasons
The Panel has accepted an undertaking from Australian Executor Trustees Limited (see annexure) and declined to conduct proceedings on an application dated 29 November 2012 from Knights Capital Group Limited in relation to its affairs.
CMI Limited - Panel advised of no appeal - Stay of Orders lifted
On 23 November 2012, the review Panel granted a further stay of the Panel’s orders, at the request from Tinkerbell Enterprises Pty Ltd as trustee for the Leanne Catelan Trust, pending Tinkerbell’s consideration of whether to appeal the decision of Justice Collier dated 16 November 2012 (see TP12/82).
The Panel was informed on Thursday 29 November 2012 that Tinkerbell will not be appealing Justice Collier’s decision. Accordingly, with effect from today, the stay is lifted.
Knights Capital Group Limited - Panel Receives Application
The Panel has received an application from Knights Capital Group 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.
Details
Knights is an unlisted public company with more than 50 shareholders.
CMI Limited - Panel Receives Request for Further Stay of Final Orders
On 22 February 2011, the Panel made a declaration of unacceptable circumstances on an application dated 6 January 2011 by Mr Gerry Pauley and Mr Gordon Elkington in relation to the affairs of CMI Limited (see TP11/15).
CMI Limited - Federal Court Decision
The Takeovers Panel notes the decision of the Federal Court in Tinkerbell Enterprises Pty Limited as trustee for The Leanne Catelan Trust v Takeovers Panel handed down today.1
Tinkerbell's application to the Federal Court was dismissed with costs.
LinQ Resources Fund - Panel Publishes Reasons
The Panel today published the reasons for its decision on an application dated 23 October 2012 from WA Fire and Emergency Services Superannuation Board in relation to a bid by IMC Resources Holdings Pte Ltd for all the units in LinQ Resources.
Details of the Panel's decision can be found at TP12/79.
The Panel's reasons for its decisions are on the Panel's website.
The sitting Panel was Guy Alexander (sitting President), Catherine Brenner and Peter Hay.
LinQ Resources Fund
Introduction
- The Panel, Guy Alexander (sitting President), Catherine Brenner and Peter Hay, declined to conduct proceedings on an application by FESSB in relation to a bid by IMC for all the units in LinQ Resources. The application concerned (among other things) a condition of the bid requiring the acceptance in respect of approximately 37% of the units in LinQ Resources held as Treasury Units, within 3 weeks after the opening of offers under the bid.
LinQ Resources Fund - Panel Accepts Undertakings and Declines to Conduct Proceedings
The Panel has accepted undertakings from LinQ Capital Limited and LinQ Capital No. 2 Pty Ltd (see annexure A) and IMC Resources Holdings Pte Ltd (see annexure B) and declined to conduct proceedings on an application dated 23 October 2012 from WA Fire and Emergency Services Superannuation Board in relation to a bid by IMC for all the units in LinQ Resources.
Appointment of Ms Kathleen Farrell to the Federal Court
The Panel is pleased to note the announcement by the Attorney-General for Australia, The Hon Nicola Roxon MP, of the appointment of Ms Kathleen Farrell (President of the Panel) as a judge of the Federal Court.
The Panel congratulates Kathy on her appointment and thanks her for leading the Panel over the past two years and her outstanding contribution as a Panel member since 2001.