PowerTel Limited 02 - Panel Receives Second Application in Relation to Powertel

The Takeovers Panel advises that it today received an application from the Roslyndale Syndicate (Roslyndale) seeking a declaration of unacceptable circumstances in relation to the affairs of PowerTel Limited (PowerTel). The application relates to the takeover bid announced by TVG Consolidation Holdings SPRL (TVG ) for all of PowerTel's shares.

Sirtex Medical Limited

These are our reasons for declining to make a declaration of unacceptable circumstances in response to an application by Hunter Hall Investment Management Limited (Hunter Hall) in its capacity as responsible entity for the Australian Value Trust, the Value Growth Trust and the International Ethical Fund under section 657C of the Corporations Act 2001 (Cth) (Act) dated 17 April 2003 (Application). Hunter Hall had applied to the Takeovers Panel (Panel) for a declaration of unacceptable circumstances and interim and final orders in connection with a takeover bid by Cephalon Australia Pty Limited (Cephalon) for all the shares in Sirtex Medical Limited (Sirtex).

Sirtex Medical Limited - Panel Publishes Reasons in Relation to Sirtex Medical

The Panel has today published its reasons for declining to make a declaration of unacceptable circumstances in relation to the affairs of Sirtex Medical Limited. The application was made by Hunter Hall Investment Management Limited (in its capacity as responsible entity for the Australian Value Trust, the Value Growth Trust and the International Ethical Fund). Hunter Hall made the application on 17 April 2003 and the Panel announced its decision on 14 May 2003.

PowerTel Limited - Panel Declines to Commence Proceedings in Relation to Powertel Limited

The Takeovers Panel advises today that it has declined to commence proceedings in relation to an application from TVG Consolidation Holdings SPRL (TVG ). The Panel received the application on Thursday 26 June, seeking a declaration of unacceptable circumstances in relation to the affairs of PowerTel Limited (PowerTel).

Replacement Panel Counsel

The Takeovers Panel is pleased to announce that it has selected Mr. Jeremy Kriewaldt, currently special counsel to Blake Dawson Waldron in Sydney, to fill the role of replacement Counsel while the Panel's current Counsel, Mr. George Durbridge, takes on the role of Director of the Panel Executive for 12 months.
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