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).

The Takeovers Panel today published the reasons for its decision on an application dated 18 February 2008 from Mount Gibson Iron Limited, in relation to its affairs.

The Takeovers Panel today accepted undertakings in relation to the application dated 28 April 2008 (see TP08/35) by Spotless Investment Holdings Pty Limited, in relation to the affairs of Programmed Maintenance Services Limited. Programmed is the subject of an off-market takeover bid by Spotless.

The Takeovers Panel has received an application from Spotless Investment Holdings Pty Limited, in relation to the affairs of Programmed Maintenance Services Limited. Programmed is the subject of an off-market takeover bid by Spotless.

The Takeovers Panel commenced proceedings on the application by BioProspect (see TP08/22, TP08/23), but has decided not to make a declaration of unacceptable circumstances following the receipt of an undertaking from the Australia and New Zealand Banking Group Limited and one of its subsidiaries.