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.
Following the Panel’s media release TP04/21, released on 12 March 2004, regarding the application from Mr Gregory Bright in relation to the current Rights Offer of InvestorInfo Limited, the Panel advises that it has decided to conduct a proceeding with respect to Mr Bright’s application.