Cape Lambert MinSec Pty Ltd - Panel Publishes Reasons
The Takeovers Panel today published the reasons for its decision on an application dated 28 May 2009 from Cape Lambert MinSec Pty Ltd seeking a review of ASIC's decision.
Rinker Group Limited 02R – Full Federal Court Decision
The decision of the Full Court of the Federal Court of Australia in CEMEX Australia Pty Limited v Takeovers Panel [2009] FCAFC 78 was handed down today.
Emerald Capital Limited - Panel Application Withdrawn
The Panel has consented to a request by Mr Frank Villante, Mrs Tracy Fraser and Warman Investments Pty Ltd to withdraw their application to the Panel dated 10 June 2009, in relation to the affairs of Emerald Capital Limited.
DataDot Technology Limited
The Panel, Martin Alciaturi, Braddon Jolley (sitting President) and Alastair Lucas, made a declaration of unacceptable circumstances in relation to the affairs of DataDot. The Panel concluded that all reasonable steps to minimise the potential control effect of the rights issue on DataDot had not been taken, and that once the rights issue was completed there was a material control effect. The Panel also concluded that disclosures in the rights issue letter of offer and substantial holding notices lodged by TM Consulting and Bannaby Investments were inadequate and misleading.
DataDot Technology Limited – Panel Publishes Reasons
The Takeovers Panel today published the reasons for its decision on an application dated 25 May 2009 from Mr William Cleugh, a shareholder of DataDot Technology Limited, in relation to DataDot's affairs.
Rey Resources Limited - Panel Receives Application
The Takeovers Panel has received an application from Gujarat NRE Minerals Limited in relation to the affairs of Rey Resources Limited.
DataDot Technology Limited – Declaration of Unacceptable Circumstances and Orders
The Panel today made a declaration of unacceptable circumstances and final orders in relation to an application dated 26 May 2009 from Mr William Cleugh, a shareholder of DataDot Technology Limited, in relation to DataDot's affairs.
Cape Lambert MinSec Pty Ltd – Panel Affirms ASIC Decision
The Panel has affirmed the decision of ASIC under s655A(1) of the Corporations Act in relation to Cape Lambert Minsec Pty Ltd.
Drillsearch Energy Limited 01
The Panel, Guy Alexander, John Fast and Chris Photakis (sitting President), declined to conduct proceedings on an application by Beach in relation to the affairs of Drillsearch. The Panel considered there was no reasonable prospect it would declare unacceptable circumstances, given that Drillsearch had made a clarifying announcement to ASX on 3 June 2009 (after the application was made) and subsequently agreed to dispatch a copy of the announcement.
Drillsearch Energy Limited 02
The Panel, Guy Alexander, John Fast and Chris Photakis (sitting President) declined to conduct proceedings on an application by Beach in relation to the affairs of Drillsearch. The Panel considered that there was no reasonable prospect that it would declare unacceptable circumstances in relation to an announcement made by Drillsearch to ASX on 1 June 2009.