BreakFree Limited 04 - Panel Receives Fourth Application in Relation to BreakFree Limited & BreakFree Limited 03 - Update on Status

The Takeovers Panel advises that it has received an application from BreakFree Limited (BreakFree) pursuant to section 657A of the Corporations Act 2001 (Cth) (the Act) for a declaration of unacceptable circumstances. The application relates to an announcement (the Announcement) on 8 October by S8 Limited (S8) that it would not proceed with its announced scrip takeover bid (the Scrip Bid) for BreakFree, but would make an all cash off market takeover bid for BreakFree.