Panel Publishes Reasons for Decision in Ranger Minerals Limited

The Takeovers Panel advises that it has published the reasons for its decision in relation to the Ranger Minerals Limited (Ranger) proceedings.

The application for a declaration of unacceptable circumstances and orders was made by Ranger on 20 June 2002. It was in relation to statements made by Revesco Group Limited (Revesco) in a letter from the Chairman of Revesco (Letter) which accompanied a supplementary bidder's statement dispatched by Revesco to Ranger shareholders on 17 June 2002.