AU: Takeovers Panel issues Declaration of Unacceptable Circumstances

Brisbane Markets Limited (BML) has been advised

today, 10 February, that the Takeovers Panel has 

made a Declaration of Unacceptable Circumstances 

and issued Orders in relation to the hostile takeover 

bid by PMQ/VGI.

The BML Board welcomes the Panel’s Declaration of Unacceptable Circumstances and Orders, which, amongst other things, requires PMQ “to address ... inadequacies in disclosure and to retract ... potentially misleading statements”. 

To view the Takeovers Panel’s Declaration of Unacceptable Circumstances and Orders, please click on the following link:

http://www.takeovers.gov.au/content/Media_Releases/2016/downloads/MR16-07.pdf.

BML is currently awaiting the issue of the Panel’s “Reasons for Decision” and will continue to update its shareholders and other stakeholders in due course.

For more information, please visit www.brisbanemarkets.com.au.