The Panel today published the reasons for its decision on an application dated 19 January 2010 from Alpha Growth International (Australia) Pty Ltd in relation to the affairs of Powerlan Limited.
The Panel has accepted an undertaking from Powerlan Limited and declined to make a declaration of unacceptable circumstances in response to an application dated 19 January 2010 from Alpha Growth International (Australia) Pty Ltd in relation to the affairs of Powerlan.
The Panel has received an application from Alpha Growth International (Australia) Pty Ltd in relation to the affairs of Powerlan Limited dated 19 January 2010.
The President of the Takeovers Panel has made interim orders in response to an application for an interim order dated 18 January 2010 by Alpha Growth International (Australia) Pty Ltd in relation to the affairs of Powerlan Limited.
The Panel, Simon McKeon (sitting President), Norman O'Bryan AM SC and Karen Wood, declined to conduct proceedings on an application from The Maryborough Sugar Factory Limited for a review of the initial Panel's decision in Tully Sugar Limited. The application concerned disclosure in Tully's target's statement. The review Panel agreed with the initial Panel's decision and did not think there was any reasonable likelihood that the review application would result in a different outcome.
The Panel has, following lodgement by Tully Sugar Limited of a further supplementary target's statement, declined to conduct proceedings on a review application dated 23 December 2009 from The Maryborough Sugar Factory Limited in relation to the affairs of Tully.
The Panel today published the reasons for its decision on an application dated 25 November 2009 from The Maryborough Sugar Factory Limited in relation to the affairs of Tully Sugar Limited.
The Panel, Geoff Brunsdon, Kathleen Farrell and Kevin McCann (sitting President), declined to make a declaration of unacceptable circumstances in relation to the affairs of Tully, following provision of a supplementary target's statement. The application concerned alleged deficiencies in the Tully target's statement, in particular in respect of the value of Tully and Tully securities.
The Takeovers Panel has received an application from The Maryborough Sugar Factory Limited seeking a review of the Panel's decision in Tully Sugar Limited.