Pinnacle VRB Ltd 06
On 1 May 2001, following a review of the decision made by the Corporations and Securities Panel in relation to Pinnacle VRB Limited No. 4, we decided to allow Reliable Power Inc to proceed with its off market takeover offer for the ordinary shares in Pinnacle VRB Limited, subject to Reliable providing further disclosure of its funding arrangements to the shareholders of Pinnacle. At the same time, we also affirmed the declaration of unacceptable circumstances made by the Panel in Pinnacle No. 4.
These are our reasons for that decision.