The Takeovers Panel today published the reasons for its decision on an application dated 12 May 2008 from DoloMatrix International Limited in relation to its affairs.

The Panel has declined to conduct proceedings on an application dated 12 May 2008 from DoloMatrix International Limited in relation to its affairs, following Transpacific’s agreement to issue a supplementary bidder’s statement. DoloMatrix is the subject of an off-market takeover bid by Transpacific Industries Holdings Pty Limited, a subsidiary of Transpacific Industries Group Limited (see media release TP08/41).

On 14 May 2008, the Takeovers Panel received an application from Jamber Investments Pty Limited in relation to the affairs of Gosford Quarry Holdings Limited. Jamber is a shareholder in Gosford.

The Takeovers Panel welcomed the recent announcement by the Minister for Superannuation and Corporate Law of the reappointment of fourteen members and the appointment of five new members to the Panel.

The Takeovers Panel today published the reasons for its decision on an application dated 2 April 2008 from BioProspect Limited, in relation to the affairs of BioProspect Limited.

On the evening of 12 May 2008, the Takeovers Panel received an application from DoloMatrix International Limited in relation to its affairs. DoloMatrix is the subject of an off-market takeover bid by Transpacific Industries Holdings Pty Limited, a subsidiary of Transpacific Industries Group Limited.

The Panel advises that it has made a declaration of unacceptable circumstances (Annexure A) and final orders (Annexure B) in relation to an application dated 28 April 2008 by Spotless Investment Holdings Pty Ltd in relation to the affairs of Programmed Maintenance Services Ltd (TP08/35).