Transurban Group – Panel Publishes Reasons
The Panel today published the reasons for its decision on an application dated 24 May 2010 from CP2 Limited in relation to the affairs of Transurban Group.
The Panel has made a declaration of unacceptable circumstances (Annexure A) and final orders (Annexure C) in relation to an application dated 13 April 2010 by Mesa Minerals Limited in relation to its affairs (see TP10/017).
The Panel has received an application from Mesa Minerals Limited dated 13 April 2010 in relation to its affairs.
On 1 February 2010, Mighty River International Limited and other Mesa shareholders requisitioned a general meeting of Mesa - proposing resolutions to replace a majority of the current Mesa directors with their own nominees. These resolutions were not approved at a general meeting of Mesa shareholders held on 26 March 2010.