PowerTel Limited 03 - Panel Appointed for Third Application in Relation to Powertel

The Takeovers Panel advises that the President of the Panel has now appointed a Sitting Panel to consider the application received from the Roslyndale Syndicate (Roslyndale) seeking a declaration of unacceptable circumstances in relation to the affairs of PowerTel Limited (PowerTel). The application relates to the takeover bid announced by TVG Consolidation Holdings SPRL (TVG) for all of PowerTel's shares.