Skywest Limited 03 - Panel Makes a Declaration of Unacceptable Circumstances and Orders

The Panel has made a declaration of unacceptable circumstances and final orders in relation to the Skywest Limited 03 proceeding with the effect of stopping the off-market takeover bid by CaptiveVision Capital Limited (CVC) for all of the issued shares in Skywest Limited and allowing Skywest security holders who sold their securities to CVC after 1 December 2003 to cancel those sales.

The Gribbles Group Limited

On 16 and 21 July 2004, the Panel issued media releases concerning an application by ASIC in relation to the affairs of The Gribbles Group Limited. The Panel was not required to make a decision in relation to the application as it consented to the application being withdrawn.

The Gribbles Group Limited - Panel Consents to Withdrawal of Application by ASIC

The Panel has consented to the withdrawal of the application (the Application) from the Australian Securities and Investments Commission (ASIC) dated 9 July 2004 alleging unacceptable circumstances in relation to the affairs of The Gribbles Group Limited (Gribbles).

The Application related to the alleged failure by parties associated with EC Medical Investments NV (ECMI) to comply with the tracing and substantial holding provisions of the Corporations Act (2001) (Cth).