The Panel, Diana Chang, Chris Photakis (sitting President) and Simon Withers, declined to make a declaration of unacceptable circumstances on the basis that events have overtaken the application.
The Panel has decided not to make a declaration of unacceptable circumstances in response to an application from BG International (AUS) Investments 1 Pty Limited in relation to the affairs of Origin Energy Limited (see TP08/89).
The Panel has received an application from BG International (AUS) Investments 1 Pty Limited in relation to the affairs of Origin Energy Limited. Origin is the subject of an off-market takeover bid by BG, a wholly owned subsidiary of BG Group plc.
The Panel has consented to a request by Challenger Listed Investments Limited, as responsible entity of Challenger Infrastructure Fund (CIF), to withdraw its application to the Panel dated 4 August 2008, in relation to the affairs of CIF (TP08/87).
The Takeovers Panel has received an application dated 4 August 2008 from Challenger Listed Investments Limited, as responsible entity of Challenger Infrastructure Fund (CIF). CIF comprises two stapled funds – CIF Investment Trust 1 and CIF Investment Trust 2. Arkmile Limited has requested a meeting to consider winding up CIF Investment Trusts 1 and 2. The meeting has been convened for 28 August 2008.
The Takeovers Panel today published the reasons for its decision on an application dated 24 July 2008 from Just Group Limited, in relation to its affairs.
The Panel, Garry Besson (sitting President), Andrew Sisson and Heather Zampatti, declined to conduct proceedings on the basis that Premier provided further disclosure clarifying the implied value of the Premier offer and substantiated statements by its Chairman concerning intentions of major shareholders to accept the offer.
On the basis of further disclosure by Premier Investments Limited, the Panel has decided not to conduct proceedings on an application from Just Group Limited dated 24 July 2008 (see TP08/80).
The Panel has consented to a request by Origin Energy Limited to withdraw its application to the Panel dated 24 July 2008, in relation to its affairs (TP08/81).
The Takeovers Panel has accepted an undertaking from Premier Investments Limited in relation to the application dated 24 July 2008 (see TP08/80) by Just Group Limited in relation to its affairs. Just Group is the subject of an off-market takeover bid by Premier.