Stericorp Limited - Panel Declines to Make a Declaration of Unacceptable Circumstances
The Panel announced today that it has declined to make a declaration of unacceptable circumstances in relation to SteriCorp Limited's (SteriCorp) 1 for 1, non-renounceable rights issue (Rights Issue), the terms of which were set out in a prospectus dated 11 March 2005. The Rights Issue was underwritten by a major shareholder of SteriCorp, Catilina Nominees Pty Ltd (Catilina). The decision was in response to an application on 19 April 2005 (TP05/37) by SteriCycle, Inc (Stericycle), a major convertible note holder in SteriCorp.