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These are our reasons for declining to commence proceedings in relation to an application by a shareholder (Shareholder) of Aliquot Asset Management Limited (Aliquot) concerning the appointment of directors of EquitiLink eLink Limited (EquitiLink) as additional directors of Aliquot.
The Panel advises that today it has received an application for a declaration of unacceptable circumstances in relation to the affairs of Cobra Resources Limited.
The Panel advises that today it has received an application for review of the AMP Shopping Centre Trust (No. 1) (ART) decision in relation to the affairs of ART.
The Takeovers Panel has declined to make a declaration of unacceptable circumstances in relation to the affairs of Sirtex Medical Limited in response to an application by Hunter Hall Investment Management Limited (in its capacity as responsible entity for the Australian Value Trust, the Value Growth Trust and the International Ethical Fund) dated 17 April 2003.
The Panel advises that it has today made a declaration of unacceptable circumstances in relation to the affairs of the AMP Shopping Centre Trust (ART). ART is a listed managed investment scheme which has investment interests in a number of shopping centres. The Panel has made orders preventing ART's interests in five major shopping centres being bought out solely because AMP Henderson Global Investors Ltd. (AMPH) is removed as Responsible Entity of ART following a successful takeover bid for ART.
The Panel advises that the Panel reviewing the decision in the Anaconda 15 proceedings (Anaconda 19 proceedings) has today affirmed the majority of the decision made by the Anaconda 15 Panel to decline the application received from MatlinPatterson Global Opportunities Partners LP (MP Global) on 20 February 2003 in relation to the affairs of Anaconda Nickel Limited (Anaconda). The Anaconda 19 application to the Panel was made on 11 April 2003.
The Takeovers Panel today advises that it has deferred making a decision in relation to the application it received from CPT Manager Limited (as responsible entity for Centro Property Trust) (Centro) on Thursday 10 April 2003. The application is for a declaration under section 657A of the Corporations Act (Act) of unacceptable circumstances and orders in relation to the affairs of AMP Shopping Centre Trust (ART). Centro is currently offering to acquire all of the units in ART in a takeover bid it announced on 18 March 2003.
On Thursday 17 April 2003, the Takeovers Panel received an application from Hunter Hall Investment Management Limited (Hunter Hall) (in its capacity as responsible entity for the Australian Value Trust, the Value Growth Trust and the International Ethical Fund). Hunter Hall seeks a declaration of unacceptable circumstances and orders in relation to the affairs of Sirtex Medical Limited (Sirtex).
On Tuesday 11 March 2003, MatlinPatterson Global Opportunities Partners LP (MP Global) applied for a review of the decision and the proposed orders in the Anaconda 16-17 proceedings concerning the affairs of Anaconda Nickel Ltd. (Anaconda).