The Takeovers Panel has today released Guidance Note 20 in relation to when the use of equity derivatives may constitute unacceptable circumstances.

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

The Takeovers Panel today published its reasons for decision on an application dated 26 March 2008 from New Opportunity Limited, in relation to the affairs of GoldLink IncomePlus Limited.

The Panel has declined to commence proceedings on an application dated 26 March 2008 from New Opportunity Limited (Applicant) regarding the affairs of GoldLink IncomePlus Limited (GoldLink) (see TP08/20).

The Takeovers Panel today accepted undertakings in relation to the application dated 2 April 2008 (see TP08/22) by BioProspect Limited (BPO) in relation to the affairs of BPO.

The Panel received an application late on 2 April 2008 from BioProspect Limited (BPO) in relation to the affairs of BPO.

The Panel has made a declaration of unacceptable circumstances and final orders in relation to an application dated 18 February 2008 by Mount Gibson Iron Limited (Mount Gibson) in relation to the affairs of Mount Gibson (TP08/13).

The Panel has received an application dated 26 March 2008 from New Opportunity Limited (Applicant) in relation to the affairs of GoldLink IncomePlus Limited (GLI). The Applicant is a shareholder of GLI.