Takeovers Panel

Just Group Limited – Panel Receives Application

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The Takeovers Panel received an application on 24 July 2008 from Just Group Limited in relation to its own affairs. Just Group is the subject of an off-market takeover bid by Premier Investments Limited.

Origin Energy Limited – Panel Receives Application

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The Takeovers Panel has received an application from Origin Energy Limited in relation to its affairs. Origin is the subject of an off-market takeover bid by BG International (AUS) Investments 1 Pty Limited, a wholly owned subsidiary of BG Group plc.

Origin Energy Limited – Update

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The Takeovers Panel notes that BG International (AUS) Investments 1 Pty Limited has served supplementary and replacement bidder's statements on Origin Energy Limited and lodged the same with ASIC and ASX. BG has not yet despatched these documents to Origin shareholders.

MacarthurCook Limited – Panel Varies Orders

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The Takeovers Panel advises that it has varied the orders made on 9 July 2008 in relation to the application dated 25 June 2008 from AMP Capital Investors Limited (TP08/72) (Annexure A).

GoldLink IncomePlus Limited 03 – Panel Declines to Conduct Proceedings and Publishes Reasons

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The Panel has declined to conduct proceedings on an application dated 15 July 2008 from GoldLink IncomePlus Limited regarding its affairs (see TP08/75). GoldLink is the subject of a proportional off-market takeover bid by Emerald Capital Limited to acquire 45% of each GoldLink shareholder's shares at $0.23 per share.

GoldLink IncomePlus Limited 03

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The Panel, Elizabeth Alexander AM (sitting President), Andrew Lumsden and Robert Johanson, declined to conduct proceeding after Emerald provided additional disclosure in its bidder's statement.

MacarthurCook Limited – Panel Publishes Reasons

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The Takeovers Panel today published the reasons for its decision on an application dated 25 June 2008 from AMP Capital Investors Limited, in relation to the affairs of MacarthurCook Limited.

MacarthurCook Limited

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The Panel, Geoff Brunsdon, Teresa Handicott and Norman O'Bryan AM SC (sitting President), made a declaration of unacceptable circumstances because aspects of the Strategic Alliance MacarthurCook struck with IOOF, in particular the Placement, constituted frustrating action in relation to AMP's proposed takeover offer for MacarthurCook and had not been approved by MacarthurCook's shareholders.

GoldLink IncomePlus Limited 02 – Panel Declines to Conduct Proceedings and Publishes Reasons

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The Panel has declined to conduct proceedings on an application dated 9 July 2008 from GoldLink IncomePlus Limited regarding its affairs (see TP08/71). GoldLink is the subject of a proportional off-market takeover bid by Emerald Capital Limited to acquire 45% of each GoldLink shareholder's shares at $0.23 per share.

GoldLink IncomePlus Limited 02

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The Panel, Elizabeth Alexander (sitting President), Andrew Lumsden and Robert Johanson, declined to conduct proceedings because there was no reasonable prospect that it would make a declaration of unacceptable circumstances. The circumstances complained of had been remedied by amending the share sale agreement and further disclosure in the bidder's statement.

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