Skywest Limited 02

We were not required to make a decision in relation to the application by Skywest Limited under sections 657A and 657D for a declaration of unacceptable circumstances and final orders. We consented to the application being withdrawn following negotiations between Skywest and CVC resulting in CVC providing an undertaking to Skywest which substantially provided Skywest with the relief sought in the application.

Village Roadshow Limited 02 - Conclusion of Panel Proceedings Without Making Declaration

The Panel advises that it has concluded the proceeding (the Proceeding) arising from the application from Boswell Filmgesellschaft mbH (Boswell) dated 15 June 2004 alleging unacceptable circumstances in relation to the affairs of Village Roadshow Limited (VRL) and in particular, VRL’s on-market buy-back of ordinary shares, which was initially announced on 28 May 2004

Skywest Limited 01

These are our reasons for concluding the proceeding in relation to the affairs of Skywest Limited without making a declaration of unacceptable circumstances following the acceptance by us of undertakings from CaptiveVision Capital Limited and its preparation of a supplementary bidder’s statement.
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