Anaconda Nickel Limited 12 - Panel Affirms ASIC Decision in Anaconda 12
The Panel advises that it has affirmed a decision by ASIC not to grant an exemption to MatlinPatterson Global Opportunities Partners LP (MP Global) in relation to its offer (the Rights Offer) to acquire rights (Rights) in Anaconda Nickel Ltd. MP Global had applied to ASIC for relief to allow it to exercise all of the Rights it acquires under its Rights Offer. Currently MP Global is limited in the number of Rights it may exercise by the percentage of shares it becomes entitled to under its offer for Anaconda shares at the time it exercises the Rights it acquires under its Rights Offer.