The Takeovers Panel advises that it has published the reasons for its decision in relation to the EPHS Limited proceedings.

EPHS Limited made the application in relation to bidder's statements for bids for two classes of shares in EPHS by Cabcover Limited through its representative Akram El-Fahkri. In its application, EPHS was seeking a declaration that certain statements and omissions in the bidder's statements gave rise to unacceptable circumstances, and for orders to prevent their dispatch without further amendment.

The Panel has today decided to hold over sine die its proceedings in relation to the application made on 12 July, 2001 by Liquorland over its bid for Australian Liquor Group (ALQ).

The Takeovers Panel advises that it has today released its draft policy on Lock-Up devices for public comment. Comments are due by 14 September. Lock-up devices include Break Fees, No-Shop and No-Talk Agreements, and Pre-Emptive Rights.

The Panel today published its reasons for its decision of 22 May 2001, to decline an application by Alpha Healthcare Ltd (Alpha) in relation to the takeover bid by Ramsay Centauri P/L (Ramsay) for all of the shares in Alpha.

The Panel has today published its reasons for making an interim order restraining the payment by Liquorland to the ex-directors of Australian Liquor Group Ltd (ALQ) and their associates, for ALQ shares sold into Liquorland's takeover bid.

The Takeovers Panel advises that it has today extended by seven days the interim order which the Panel made on 17 July 2001 restraining payment to ex-directors of Australian Liquor Group Ltd (ALQ) and their associates for their shares under the Liquorland Ltd. bid for ALQ.

The Panel has today made an interim order restraining, for 14 days, the payment by Liquorland to the ex-directors of Australian Liquor Group Ltd (ALQ), and their associates, of payment for ALQ shares sold into Liquorland's takeover bid. It made no order concerning the payments to other ALQ shareholders, which are due to commence tomorrow, 18 July, 2001.

The Panel announced today that the acting President of the Panel, Mrs. Nerolie Withnall, has appointed a sitting Panel for the application by Liquorland (Australia) P/L in relation to its bid for Australian Liquor Group Ltd (ALQ). Liquorland has applied for an interim order restraining the payment by it of the bid consideration and for a declaration of unacceptable circumstances and final orders. Liquorland has made the application initially to put the payments on hold until the Panel has determined its application for a declaration and final orders.