The Panel advises that it has concluded the proceeding arising from the application made by Mr Gregory Bright on 11 March 2004 in relation to the affairs of InvestorInfo Limited.
These are our reasons for: making a declaration of unacceptable circumstances on 8 March 2004 in the Mildura Co-operative Fruit Company Limited proceedings; concluding proceedings in relation to the affairs of MCFC following acceptance by us of undertakings by MCFC and MIC; and consenting to MIC withdrawing its application to us dated 11 February 2004 under section 657C for a declaration of unacceptable circumstances under section 657A and final orders under section 657D.
The Panel has today published the reasons for the decision of the Panel in the proceedings (Proceedings) relating to Mildura Co-operative Fruit Company Limited (MCFC).
These are our reasons for deciding to make a declaration of unacceptable circumstances in relation to the affairs of Village Roadshow Limited (VRL) following the failure by various nominee holders of ordinary shares in VRL to respond fully and adequately to notices sent to them under section 672A(1)(b) of the Corporations Act 2001 (Cth)1 (in breach of section 672B); and requests for information sent to them by us.
The Takeovers Panel has today published the reasons for the decision of the Panel in the proceedings (Proceedings) relating to Village Roadshow Limited (VRL).
Following the Panel’s media release TP04/22, released on 16 March 2004, regarding the Panel’s decision to conduct proceedings in relation to the current Rights Offer by InvestorInfo Limited (INV), INV has undertaken to the Panel that it will not allot any new shares under the Rights Offer.