Panel Receives Application in Relation to Bigshop.com.au Ltd

The Panel announced today that it has received an application by Fast Scout Limited (Fast Scout) in relation to its proposed bid for Bigshop.com.au Limited (Bigshop). Fast Scout has applied for a declaration of unacceptable circumstances in relation to a proposed placement of 10 million ordinary shares and 2 million options by Bigshop to Macquarie Bank Limited (Macquarie) and for an interim order restraining Bigshop from proceeding with the proposed placement until the matter is determined by the Panel.