Brisbane Markets Limited - Undertaking
The Panel has accepted an undertaking from Produce Markets Queensland Pty Ltd in relation to the application dated 6 January 2016 by Brisbane Markets Limited in relation to its affairs (see TP 16/001).
Brisbane Markets Limited - Panel Receives Application
The Panel has received an application from Brisbane Markets Limited in relation to its affairs. Brisbane Markets is an unlisted company with more than 50 shareholders. Brisbane Markets is currently the subject of an off-market takeover bid from Produce Markets Queensland Pty Ltd (PMQ), a wholly owned subsidiary of VGI Partners Pty Ltd (VGI).
Details of the application, as submitted by the applicant, are below.
Panel Applications and Announcements During Holiday Season
The Panel advises that no media releases will be able to be published on its website between 5pm on Thursday 24 December 2015 and 9am on Monday 4 January 2016.
Resource Generation Limited 01R
Introduction
- The review Panel, Richard Hunt, Vickki McFadden (sitting President) and John Sheahan QC declined to conduct proceedings on a review application by Resource Generation Limited in relation to its affairs.
Resource Generation Limited 01R - Panel Publishes Reasons
The Panel today published the reasons for its decision on a review application dated 18 November 2015 from Resource Generation Limited in relation to its affairs.
Takeovers Panel Releases Guidance Note 23 on Shareholder Intention Statements
The Takeovers Panel announced today that it has published Guidance Note 23 "Shareholder Intention Statements".
The Panel issued a consultation draft of the Guidance Note on 7 July 2015. It received 8 submissions and has taken them into account and made further changes.
Resource Generation Limited
Introduction
- The Panel, Stephanie Charles, David Friedlander and Nora Scheinkestel (sitting President), made a declaration of unacceptable circumstances in relation to the affairs of Resource Generation Limited. The application concerned, among other things, the failure to disclose an alleged association between 3 Resource Generation shareholders 2 of whom were members of a debt club seeking to provide new project financing to the company. One of the shareholders (Altius) had requisitioned a general meeting to change the composition of the Resource Generation board.
Resource Generation Limited - Panel Publishes Reasons
The Panel today published the reasons for its decision on an application dated 12 October 2015 from Resource Generation Limited in relation to its affairs.
Panel Publishes Revised Guidance Note 14 – Funding arrangements
The Takeovers Panel today published a revised version of Guidance Note 14 - Funding arrangements.
Resource Generation Limited 01R - Panel Declines to Conduct Proceedings
The Panel has declined to conduct proceedings on a review application dated 18 November 2015 from Resource Generation Limited in relation to its affairs.