Panel Receives Application in Relation to IAMA Ltd

The Takeovers Panel advises that late last week it received an application by IAMA Ltd for a declaration of unacceptable circumstances in relation to actions and public statements made by persons and companies associated with Futuris Ltd.

However, the application has today been withdrawn, in conjunction with the settlement of an action in the Supreme Court of South Australia. Therefore the Panel has not been required to determine the matter or to make any declaration or orders.

Application in Relation to Pinnacle VRB Ltd Withdrawn

The Takeovers Panel today advised that it has consented to the withdrawal of the application received on 28 July, 2000, for a declaration of unacceptable circumstances in relation to actions by a group of persons and companies seeking to alter the board of Pinnacle VRB Ltd, and a request for interim orders preventing those persons voting at a meeting of Pinnacle which had been called for Monday 31 July, 2000.

Panel Receives Application in Relation to Pinnacle VRB Ltd

The Takeovers Panel today advised that late on the afternoon of Friday 28 July, 2000, it received an application from Pinnacle VRB Ltd for a declaration of unacceptable circumstances in relation to actions by a group of persons and companies seeking to alter the board of Pinnacle, and a request for interim orders preventing those persons voting at a meeting of Pinnacle which had been called for Monday 31 July, 2000.