Application in relation to E.P.H.S. Limited

The Panel advises that it has received an application from E.P.H.S. Limited (EPHS) for a declaration of unacceptable circumstances in relation to a takeover bid for EPHS by Cabcover Limited (Cabcover) for $2.25 per A class share and $2.00 per B class share.

EPHS alleges deficiencies in the disclosure in the bidder's statements lodged with ASIC on 29 May 2002 in respect of each of the classes of shares in EPHS.

The Panel is currently assembling a sitting Panel for the application.