Austral Coal Limited 03R
These are the President’s reasons for declining to grant consent under section 657EA(2) of the Corporations Act to a review of the decision of the Panel in the Austral Coal Limited 03 proceedings.
Austral Coal Limited 03
These are the Panel’s reasons for declining to grant an extension of time under section 657C(3)(b) of the Corporations Act to permit an application by Glencore International A.G. and Fornax Investments Limited in relation to the affairs of Austral Coal Limited.
Austral Coal Limited 02 & 02(R) - Panel Publishes Reasons
The Takeovers Panel (the Panel) has today, published its reasons for its decision in relation to an application by Glencore International A.G. and Fornax Investments Limited (together, Glencore) and an additional application by ABN AMRO Bank N.V., Australian Branch (ABM AMRO), under section 657EA of the Corporations Act 2001 (Cth) (the Act) dated 30 June 2005 in relation to the affairs of Austral Coal Limited (Austral). Glencore and ABN AMRO applied to the Panel for a review of the decision of the sitting Panel (Initial Panel) in the Austral Coal Limited 02 proceedings (Austral 02) to make a declaration of unacceptable circumstances and final orders.
Austral Coal Limited 02
These are the Panel’s reasons for its decision to make a declaration of unacceptable circumstances and final orders in relation to the failure by Glencore to make timely disclosure regarding equity swap arrangements it entered into in relation to Austral Coal, which is the subject of a takeover offer by Centennial.
Austral Coal Limited 02R
These are the Panel’s reasons for its decision to make a declaration of unacceptable circumstances and final orders in relation to the failure by Glencore to disclose its combined direct holding and holdings of Hedge Shares under equity swaps it arranged in relation to Austral Coal on 22 March 2005, the day after this “Combined Holding” exceeded 5%, and Glencore’s failure to disclose 1% increases in the Combined Holding until Glencore’s announcements on 4 and 5 April 2005.
High Court Remits Austral Coal 02(R) Proceedings to Federal Court
The Panel announces that the High Court of Australia today remitted the application by Glencore International AG and Fornax Investments Limited for a review of the Panel's decision in the Austral Coal 02(R) proceedings to the Federal Court of Australia.
Austral Coal Limited 02(R) - Application for Review of Decision
The Panel announces today that it has received notice of an application to the High Court of Australia for review of the Panel's decision to make a declaration of unacceptable circumstances and final orders in relation to the Austral Coal Limited 02 matter (see Media Releases TP05/50 and TP05/58).
Austral Coal Limited 02(R) - Declaration of Unacceptable Circumstances and Final Orders
The Panel announces today that it has made a declaration of unacceptable circumstances and final orders relation to the Austral Coal Limited 02 matter (see Media Release TP05/50).
Austral Coal Limited 02(R) - Panel Further Extends Stay of Orders
The Panel announces that it has further extended the stay of Orders 1, 2, 3 and 5 of the Orders dated 1 July 2005 in relation to the Austral Coal Limited 02 matter to 26 July 2005 (see Media Release TP05/50).
Pacific Magnesium Corporation Ltd
The Takeovers Panel announces that it declined to commence proceedings in relation to an application received by the Panel on 2 June 2005 from Mr Paul Byrne in relation to the affairs of Pacific Magnesium Corporation Ltd.