BreakFree Limited 04 - Panel Makes Declaration of Unacceptable Circumstances

The Panel announces that on 24 October it made a declaration of unacceptable circumstances in the BreakFree 04 proceedings in relation to the announcement by S8 Limited (S8) on 8 October 2003 that it would not proceed to make offers under its announced scrip takeover bid (the Scrip Proposal) for BreakFree Limited (BreakFree). However, on the basis of the information currently before the Panel, it does not propose to make any orders.