GoldLink IncomePlus Limited 03
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 Varies Orders
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
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.
MacarthurCook Limited
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.
MacarthurCook Limited – Panel Publishes Reasons
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.
GoldLink IncomePlus Limited 02
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.
GoldLink IncomePlus Limited 02 – Panel Declines to Conduct Proceedings and Publishes Reasons
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 03 – Panel Receives Application
The Takeovers Panel has received an application from GoldLink IncomePlus Limited in relation to its own affairs. GoldLink is the subject of a proportional off-market takeover bid by Emerald Capital Limited at $0.23 per share.
Primebroker Securities Limited – Panel Application Withdrawn
The Panel advises that it has consented to Primebroker Securities Limited's request to withdraw its application to the Panel dated 30 June 2008, for a review of a decision of the Australian Securities and Investments Commission under s656A of the Corporations Act (TP08/65).
Peter Scott Appointed to the New Zealand Takeovers Panel
The Takeovers Panel welcomed the announcement in New Zealand today by the New Zealand Commerce Minister Lianne Dalziel that Mr Peter Scott has been appointed as the Australian member of the New Zealand Takeovers Panel.