Leighton Holdings Limited - Panel Declines to Conduct Proceedings and Publishes Reasons
The Panel has declined to conduct proceedings on the following three applications in relation to the affairs of Leighton Holdings Limited.
Gladstone Pacific Nickel Limited
The Panel, Kathleen Farrell (sitting President), Francesca Lee and Anthony Sweetman, declined to conduct proceedings on an application by RAB Special Situations (Master) Fund Limited in relation to the affairs of Gladstone Pacific Nickel Limited. The application concerned alleged information deficiencies in the target's statement (as amended) in relation to the off-market takeover offer for Gladstone Pacific by QNI Resources Pty Ltd. The Panel considered that there was no reasonable prospect that it would declare the circumstances unacceptable.
Gladstone Pacific Nickel Limited - Panel Declines to Conduct Proceedings and Publishes Reasons
The Panel has declined to conduct proceedings on an application dated 25 October 2010 from RAB Special Situations (Master) Fund Limited in relation to the affairs of Gladstone Pacific Nickel Limited
Gladstone Pacific Nickel Limited - Panel Receives Application and Makes Interim Orders
The Panel has received an application dated 25 October 2010 from RAB Special Situations (Master) Fund Limited in relation to the affairs of Gladstone Pacific Nickel Limited.
Leighton Holdings Limited - Panel Receives Applications
The Panel has received three applications in relation to the affairs of Leighton Holdings Limited. The applications concern the proposal by Actividades des Construcción y Servicios SA (ACS) to acquire control of HOCHTIEF Aktiengesellschaft (Hochtief). If that acquisition succeeds, ACS will also acquire control of Hochtief's 54.5% holding in Leighton.
NGM Resources Limited
The Panel, John Fast, Robert Johanson and Norman O’Bryan (sitting President), made a declaration of unacceptable circumstances in relation to the affairs of NGM Resources Limited because Paladin’s purported reliance on defeating conditions 10.12(l) and 10.12(m) of its bid for NGM was not justified.
NGM Resources Limited - Panel Publishes Reasons
The Panel today published the reasons for its decision on an application dated 29 September 2010 from NGM Resources in relation to its affairs.
NGM Resources Limited - Declaration of Unacceptable Circumstances and Orders
The Panel has made a declaration of unacceptable circumstances and final orders in relation to an application dated 29 September 2010 by NGM Resources Limited in relation to its affairs.
NGM Resources Limited — Panel Recieves Application
The Panel has received an application from NGM Resources Limited in relation to its affairs.
TheChairmen1 Pty Ltd and Guildford Coal Limited
The Panel, Byron Koster, Mark Paganin (sitting President) and Nora Scheinkestel, declined to conduct proceedings on an application by Lenark Pty Limited in relation to the affairs of TheChairmen1 Pty Ltd and Guildford Coal Limited. The application concerned a proposed capital raising in C1 by way of placement and rights issue.