PowerTel Limited 02 - Panel Decides Second PowerTel Application

The Takeovers Panel advises that it today made its decision on the application made on 10 July by the Roslyndale Syndicate (Roslyndale), seeking a declaration of unacceptable circumstances and certain orders in relation to the takeover bid by TVG Consolidation Holdings SPRL (TVG) for all of the shares in PowerTel Limited (PowerTel). The application was dealt with as follows.