Lachlan Farming Limited 02 - Panel Makes Declaration
The Takeovers Panel (Panel) advises that it has made a decision in relation to the application dated 13 January 2005 from Lenvat Pty Limited (Lenvat), a major shareholder1 of Lachlan Farming Limited (LFL), in relation to the 1 for 1.19 rights issue (Rights Issue) recently conducted by LFL, the terms of which were set out in a prospectus dated 17 September 2004 (Rights Issue Prospectus).