Austral Coal Limited 02RR - Decision on Orders and Reasons for Decision
The Takeovers Panel has now made orders in the matter of Austral Coal 02RR and released its reasons for making a declaration of unacceptable circumstances and orders in that matter. Under the orders, with one exception everyone who sold Austral Coal shares on ASX from 22 March to 4 April (inclusive) will receive a payment of about 5 cents per share, from an amount of $1.3 million to be paid by Glencore.