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.
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.
UCL Resources Limited has 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).
A copy of the undertaking is attached.
The President has appointed Andrew Low, Jane Sheridan and Heather Zampatti (President) as the sitting Panel in this matter.
The Panel has received an application from Minemakers Limited in relation to its affairs. Minemakers is currently the subject of an off-market takeover bid from UCL Resources Limited, announced on 18 May 2012.
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.
The Panel received an application on 30 May 2012 in relation to the affairs of Northwest Properties Limited from Mr Brian Godfrey and Mr Shane Thompson (both current directors of Northwest) and Mr Mark Keene (a proposed new director of Northwest). Northwest is an unlisted public company.
The Panel today published the reasons for its decision to consent to a request by Laxey Partners Ltd to withdraw its application to the Panel dated 18 April 2012 (01) and decline to conduct proceedings on an application dated 24 April 2012 from Pelorus Private Equity Limited (02), both of which related to the affairs of MacarthurCook Property Securities Fund.
Details of the Panel's decision can be found at TP12/29.
The Panel's reasons are on the Takeovers website.
The Panel has consented to a request by Laxey Partners Ltd to withdraw its application to the Panel dated 18 April 2012 (01) and declined to conduct proceedings on an application dated 24 April 2012 from Pelorus Private Equity Limited (02), both of which related to the affairs of MacarthurCook Property Securities Fund.
The Panel has received an application from Pelorus Private Equity Limited in relation to the affairs of MacarthurCook Property Securities Fund. The application concerns:
On 2 August 2011, the Panel was served with two Federal Court applications, one by Mrs Ambreen Chaudhri and Data Base Systems Limited (DBS) and the other by Mr Azhar Chaudhri, seeking judicial review of the Panel's decision to accept undertakings in Bentley Capital Limited 01R (see TP11/56 and TP11/57) ("the Federal Court Proceedings").