Panel Counsel

The Takeovers Panel advises that it is pleased to have appointed Mr Alan Shaw to act as the Panel's Counsel, while the Panel's permanent Counsel, Mr George Durbridge, is on leave for a month.

Dromana Estate Limited - Decision

The Takeovers Panel (Panel) advises that it has declined the application by Mr John Hempton, a shareholder in Dromana Estate Limited (Dromana), and Mr Simon Maher, a director of a corporate trustee for a trust that is a shareholder of Dromana (together known as Shareholders), in relation to a 1 for 1 non-renounceable rights issue (Rights Issue) to be conducted by Dromana (see TP06/09).