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.

The Takeovers Panel (the Panel) has today published its reasons for its decision in relation to an application from Volante Group Limited in relation to the proposed takeover offer by Commander Corporation Pty Limited (Commander), a subsidiary of Commander Communications Limited, announced on 23 December 2005.

The Takeovers Panel (Panel) has today released Guidance Note 17 on Rights Issues which provides guidance on the circumstances in which the Panel may consider unacceptable circumstances exist in relation to a rights issue which has the potential to have an effect on control of a company.