Austral Coal Limited - Panel Declines to Make a Declaration of Unacceptable Circumstances

The Panel announces that it has declined to make a declaration of unacceptable circumstances in relation to the application Glencore International AG and a company controlled by Glencore, Fornax Investments Ltd (together Glencore), in relation to the affairs of Austral Coal Ltd (Austral Coal) and the scrip takeover offer for Austral by Centennial Coal Company Ltd. (Centennial).

Stericorp Limited

These are the Panel’s reasons for its decision declining to make a declaration of unacceptable circumstances in relation to the affairs of SteriCorp Limited. SteriCorp had undertaken a 1 for 1 non-renounceable rights issue, fully underwritten by Catilina Nominees Pty Ltd, SteriCorp’s only major shareholder.