The Panel advises that it has today ended the interim order under section 657E of the Corporations Act that it made on 22 November 2001. Normandy Mining is now free to dispatch its target's statement. Anglogold applied last week to the Panel for an interim order concerning Normandy's target's statement in response to AngloGold's takeover bid for Normandy.
The Panel advises that it has today made an interim order under section 657E of the Corporations Act restraining the dispatch of the target's statement of Normandy Mining until 5.00 p.m. ESST on Monday 26 November. Anglogold applied to the Panel today for an interim order concerning Normandy's target's statement in response to AngloGold's takeover bid for Normandy.
In the course of proceedings in relation to an application by Vanteck (VRB) Technology Corp (Vanteck) regarding letters sent by Mr David Pethard to shareholders of Pinnacle VRB Limited (Pinnacle), the Australian Securities and Investments Commission (ASIC) submitted that the Panel should make a declaration under section 657A of the Corporations Act in relation to: (a) an announcement by Vanteck of its intention to list on the Australian Stock Exchange (ASX) and Vanteck’s failure to apply for that listing; and (b) a letter sent to Pinnacle’s directors on behalf of Vanteck asserting that t
An application under section 657C of the Corporations Act by Vanteck (VRB) Technology Corp. to the Takeovers Panel for a declaration of unacceptable circumstances and final orders from the Panel in relation to Vanteck’s takeover bid for Pinnacle VRB Limited. The Panel decided not to make a declaration of unacceptable circumstances but sought an undertaking from Mr David Pethard to send a letter of clarification to Pinnacle shareholders.
An application under section 657EA of the Corporations Act by Vanteck (VRB) Technology Corp (Vanteck) for a review of the decision of the Panel in Pinnacle VRB Ltd No.10 to make a declaration of unacceptable circumstances and orders in relation to Vanteck’s takeover bid (the Bid) for Pinnacle VRB Limited (Pinnacle). The review Panel has declared that unacceptable circumstances exist and has made orders unwinding the Disputed Acceptances.
The Panel advises that it has today published the reasons for its decision not to make a declaration of unacceptable circumstances in relation to letters sent by a Pinnacle director during Vanteck (VRB) Technology Corp's takeover bid for Pinnacle VRB Limited.
The Panel advises that it has today published the reasons for its decision to make a declaration of unacceptable circumstances and final orders in relation to Vanteck (VRB) Technology Corp's takeover bid for Pinnacle VRB Limited.
On 15 October 2001, we decided that the proposed placement of Bigshop shares to Macquarie and related advisory agreements could be said to be likely to lead to the defeat of Fast Scout's bid. Therefore, we advised Bigshop that to implement the Proposed Placement without shareholder approval would constitute unacceptable circumstances. We decided not to make a declaration of unacceptable circumstances in response to the application by Fast Scout Ltd dated October 2001 seeking review of an earlier Panel decision (Bigshop 01) not to make a declaration of unacceptable circumstances.
An application under section 657C of the Corporations Act by Fast Scout Limited for interim orders under section 657E of the Corporations Act
The Takeovers Panel (the Panel) advises that it has published the reasons for its decision to grant interim orders for the dispatch of the replacement bidder's statement of Fast Scout Limited (Fast Scout) in relation to its takeover offer for Bigshop.com.au Limited (Bigshop).