The Gribbles Group Limited - Panel Consents to Withdrawal of Application by ASIC

The Panel has consented to the withdrawal of the application (the Application) from the Australian Securities and Investments Commission (ASIC) dated 9 July 2004 alleging unacceptable circumstances in relation to the affairs of The Gribbles Group Limited (Gribbles).

The Application related to the alleged failure by parties associated with EC Medical Investments NV (ECMI) to comply with the tracing and substantial holding provisions of the Corporations Act (2001) (Cth).