The Takeovers Panel advises that it has received an application dated 17 February 2006 from Saramac Nominees Pty Ltd (Saramac) in relation to the affairs of Axiom Properties Limited (Axiom).

The Takeovers Panel advises that it is pleased to have appointed Mr Alan Shaw to act as the Panel's Counsel, while the Panel's permanent Counsel, Mr George Durbridge, is on leave for a month.

The Takeovers Panel advises that it has received an application dated 15 February 2006 from Mr John Hempton, a shareholder in Dromana Estate Limited (Dromana), for review of the decision made by the sitting Panel in the Dromana 01 proceedings.

The Takeovers Panel advises that it has received an application from Schneider Electric Australia Holdings Pty Limited (SEAH) in relation to the affairs of Citect Corporation Limited (Citect).

The Takeovers Panel (Panel) advises that it has declined the application by Mr John Hempton, a shareholder in Dromana Estate Limited (Dromana), and Mr Simon Maher, a director of a corporate trustee for a trust that is a shareholder of Dromana (together known as Shareholders), in relation to a 1 for 1 non-renounceable rights issue (Rights Issue) to be conducted by Dromana (see TP06/09).

The Takeovers Panel (Panel) advises that it has considered the application by Lowell Pty Ltd (Lowell) in relation to the affairs of Bridgewater Lake Estate Ltd (Bridgewater) (see TP06/07).

The Takeovers Panel advises that it has received an application from Commander Corporation Pty Limited (Commander), a subsidiary of Commander Communications Limited, in relation to its takeover offer for all the shares in Volante Group Limited.

The Takeovers Panel advises that it has received an application dated 15 January 2006 from Mr John Hempton, a shareholder in Dromana Estate Limited (Dromana), and Mr Simon Maher, a director of a corporate trustee for a trust that is a shareholder of Dromana (together known as Shareholders), in relation to a 1 for 1 non-renounceable rights issue (Rights Issue) to be conducted by Dromana, the terms of which are set out in a prospectus dated 11 January 2006.

The Takeovers Panel advises that it has received an application from Lowell Pty Ltd (Lowell) in relation to acquisitions of shares in Bridgewater Lake Estate Ltd by Glebe Asset Management Ltd and Harvest Living Ltd.

The Panel has replied to an article in this morning's Australian newspaper.