Panel Publishes Reasons In Isis Communications Application

The Panel advises that it has today published its reasons for its decision in response to an application in relation to Isis Communications Ltd. on 27 June 2002. The Panel published its decision on 9 July 2002.

The application related to an agreement on 14 June 2002, by Radly Corporation Pty. Ltd. (Receivers and Managers Appointed), acting through its receivers, to sell 19.9% of the shares in Isis, in equal shares to Investec Australia Ltd and MGB Equity Growth Pty. Ltd. Radly held 43% of the shares in Isis at the time.