London Takeover Panel Deputy Director General Meets with Australian Takeover Panel [14/03/2000] The Takeovers Panel

Issued on : 14 March 2000

London Takeover Panel Deputy Director General Meets with Australian Takeover Panel

Mr Peter Lee, Deputy Director General of the London Takeover Panel, spoke with the executive and President of the Corporations and Securities Panel (CSP) and local takeover practitioners today.

Mr Lee is in Australia as a guest of the CSP and of the Securities Institute of Australia, to give evidence to the Parliamentary Joint Committee on Corporations and Securities on the operation of the mandatory bid rule under the City Code.

His visit coincides with the commencement of the Corporate Law Economic Reform Program Act and with the start up of the CSP's new functions. Mr Lee inspected the CSP's new premises at Nauru House, Collins Street, Melbourne.

At lunch with takeover practitioners and corporate guests, Mr Lee took questions about the operation and policy of the London Panel which has been in existence for more than 30 years. He will have private meetings with a number of Panel members this week. CSP numbers were last week increased from 11 to 28 by a fresh round of appointments.

Simon McKeon, Executive Director of Macquarie Bank and President of the CSP, said that "Mr Lee's visit was very opportune and that the CSP executive and members would benefit from Mr Lee's considerable experience with the London Panel".

For further information contact:

Nigel Morris
Director
Corporations and Securities Panel
Level 47, Nauru House
80 Collins Street
Melbourne
Tel: (03) 9280 3299

Simon McKeon
President
Corporations and Securities Panel
Level 23, 101 Collins Street
Melbourne
Tel: (03) 9635 8100

CSP: 00/04