The fees payable for Panel applications are indexed each year from 1 July based on any increase in the Consumer Price Index, pursuant to the Corporations (Fees) Act 2001 (Cth) and Corporations (Fees) Regulations 2001 (Cth).

With effect from 1 July 2016, as a result of indexation, a fee of $2,350 is payable on an application to the Panel.

Allan Bulman
Director, Takeovers Panel
Level 10, 63 Exhibition Street
Melbourne VIC 3000
Ph: +61 3 9655 3597
allan.bulman@takeovers.gov.au

The Panel has received an application from Sandon Capital Investments Limited in relation to the affairs of Warrnambool Cheese and Butter Factory Company Holdings Limited. The application concerns the entitlement offer announced by Warrnambool on 10 June 2016.

Details of the application, as submitted by the applicant, are below.

A sitting Panel has not been appointed at this stage and no decision has been made whether to conduct proceedings. The Panel makes no comment on the merits of the application.

The Panel received an application from Fortress Centaurus Global Master Fund Ltd in relation to the affairs of Ainsworth Game Technology Limited (AGI). The application concerns the adjournment of the shareholders' meeting to vote on the sale of AGI's chairman's controlling stake in AGI under item 7 of s611.¹ The meeting is due to be held at 9.30am today, Monday 27 June 2016.

Details of the application, as submitted by the applicant, are below.

The Panel today published the reasons for its decision on the applications by the Australian Securities and Investments Commission dated 13 May 2016, and Fortress Centaurus Global Master Fund Ltd dated 17 May 2016, in relation to the affairs of Ainsworth Game Technology Limited.

Details of the Panel's decision can be found at TP16/38.

The Panel's reasons for its decisions are on the Panel's website.

The Panel has made interim orders¹ in response to an application for interim orders dated 9 June 2016 by Brennan Westworth in relation the affairs of Sovereign Gold Company Limited. 

The application includes submissions that:

The Panel today published the reasons for its decision on an application dated 1 May 2016 from Mr Joshua Farquhar in relation to the affairs of Condor Blanco Mines Limited.

Details of the Panel's decision can be found at TP16/35.

The Panel's reasons for its decisions are on the Panel's website.

The sitting Panel was James Dickson, Michelle Jablko (sitting President) and Nicola Wakefield Evans.

The Panel has accepted undertakings from Ainsworth Game Technology Limited (AGI) (Annexure A) and Mrs Margarete Ainsworth and Votraint No. 1019 Pty Ltd (an entity controlled by Mrs Ainsworth) (Annexure B) in relation to the applications by the Australian Securities and Investments Commission (see TP16/32) and Fortress Centaurus Global Master Fund Ltd (see TP16/34).

The Panel has received an application from Mr Brennan Westworth in relation to the affairs of Sovereign Gold Company Limited.

Details of the application, as submitted by the applicant, are below.

A sitting Panel has not been appointed at this stage and no decision has been made whether to conduct proceedings. The Panel makes no comment on the merits of the application.

The Panel made a declaration of unacceptable circumstances and orders on 27 May 2016 on an application dated 1 May 2016 by Mr Joshua Farquhar in relation to the affairs of Condor Blanco Mines Limited (see TP16/35).

At the time of making the orders, the Panel indicated that it was making enquiries into possible further orders. 

The Panel has, after receiving further submissions, decided to vary its orders (see Annexure A) to: