The Takeovers Panel advises that it has published the reasons for its decision in relation to the application from Starmore Investments Pty. Ltd.
The application was made on 18 October 2002 and it sought a declaration of unacceptable circumstances and interim and final orders in relation to the acquisitions of approximately 16 million shares in Winepros Ltd. in the period 4 to 14 October 2002.
The shares were sold by previous significant shareholders in Winepros. The shares constituted approximately 32% of Winepros' issued shares.