Ipsos Finds 91% of Stakeholders Satisfied with the Panel
The Panel today released the results of its 2020 stakeholder survey conducted by Ipsos.
91% of stakeholders surveyed were either very satisfied or somewhat satisfied with the Panel, with stakeholders also highly satisfied with:
Thorn Group Limited 01 & 02
Introduction
- The Panel, Robin Bishop (sitting President), John McGlue and Neil Pathak, made a declaration of unacceptable circumstances in relation to the affairs of Thorn Group Limited. The applications concerned the effects of applying a dividend reinvestment plan to a large special dividend declared by Thorn and shares under the plan being issued prior to a delayed spill meeting.
Remade Procedural Rules and accompanying Procedural Guidelines take effect
The Panel’s remade Procedural Rules1 and accompanying Procedural Guidelines take effect from today, 1 April 2021, and will apply in respect of all applications made on or after today’s date. The Panel’s remade Procedural Rules and accompanying Procedural Guidelines are available on the Panel’s website on the Procedural Rules page.
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These are the Panel’s reasons for declining the application by AEP Financial Investments Pty Ltd to make a declaration of unacceptable circumstances in relation to the affairs of Wattyl and final orders. The Panel decided not to make a declaration of unacceptable circumstances or final orders having received undertakings to amend the terms of a break fee agreement between Wattyl Limited and Barloworld and having required and approved additional and corrective disclosure by Wattyl to Wattyl shareholders by way of a supplementary target’s statement.
The Agency Group Australia Limited 03R
Introduction
- The review Panel, Ian Jackman SC (sitting President), Christian Johnston and Denise McComish, declined to conduct proceedings on a review application by Magnolia Equity III Pty Ltd in relation to the affairs of The Agency Group Australia Limited.
Panel Updates Index of its Decisions
The Panel has released an update of the index of its decisions.
The updated index includes decisions up to and including 31 December 2017, as well as some corrections and further cross-references. It also includes hyperlinks to the reasons. The index can be found at the "Index of Reasons" tab on the Panel's website.
The index will be updated annually. The Panel welcomes any comments on the index via email sent to: takeovers@takeovers.gov.au.
Benjamin Hornigold Limited 02 and Henry Morgan Limited 02 - Declaration of Unacceptable Circumstances
The Panel has made declarations of unacceptable circumstances (Annexure A) in response to applications dated 28 December 2018 by shareholders1 of Benjamin Hornigold Limited and Henry Morgan Limited in relation to the affairs of each company.
Panel Publishes Final Guidance on Correction of Takeover Documents
The Takeovers Panel has today published its Guidance Note on Correction of Takeover Documents. Minor amendments have been made to the final version in response to comments received when the Panel released a draft for public consultation.
Health Communication Network Ltd - Panel Publishes Reasons
The Takeovers Panel has today published the reasons for its decision to consent to a request by Health Communication Network Limited to withdraw its application dated 16 November 2004 alleging unacceptable circumstances in relation to a proposed takeover bid by IBA Health Limited.