Takeovers Panel

Dromana 01R - Decision

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The Takeovers Panel advises that it has declined the application by 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 in relation to Dromana's current rights issue.

Wattyl Limited - Panel Receives Application

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The Takeovers Panel advises that it has received an application from AEF Financial Investments Pty Ltd (AEPFI), a subsidiary of Allco Equity Partners Ltd (together AEP). The application relates to a takeover offer by AEP for all the shares in Wattyl Limited (AEP Offer).

Volante Group Limited 02 - Decision

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The Takeovers Panel (Panel) advises that it has declined the application by 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 (Volante).

Axiom Properties Limited 02

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These are the Panel’s reasons for not commencing proceedings following the application by Saramac Nominees Pty Ltd for a declaration of unacceptable circumstances in relation to statements made by Pivot Group Pty Ltd regarding its funding proposal for Axiom Properties Limited.

Citect Corporation Limited - Unacceptable Circumstances

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The Takeovers Panel advises that it has made a declaration of unacceptable circumstances, and orders in an application from Schneider Electric Australia Holdings Pty Limited (SEAH) in relation to the affairs of Citect Corporation Limited (Citect).

Axiom Properties Limited 02 - Panel Publishes Reasons

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The Takeovers Panel (the Panel) has today published its reasons for its decision in relation to an application from Saramac Nominees Pty Ltd in relation to the affairs of Axiom Properties Ltd lodged on 17 February 2006 (see TP06/17 and TP06/15).

Sydney Gas Limited - Panel Receives Application

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The Takeovers Panel advises that it has received an application from Sydney Gas Limited (SGL), in relation to a takeover offer by Queensland Gas Company Limited (QGC) for all the shares in SGL (Offer).

Axiom Properties Limited 02 - Decision

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The Takeovers Panel advises that it has considered the application by Saramac Nominees Pty Ltd in relation to the affairs of Axiom Properties Ltd lodged on 17 February 2006 (see TP06/15).

Axiom Properties Limited 02 - Panel Receives Application

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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).

Panel Counsel

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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.

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