Acting President Appoints Sitting Panel in Liquorland Application [16/07/2001] The Takeovers Panel

Monday 16 July 2001

ACTING PRESIDENT APPOINTS SITTING PANEL IN LIQUORLAND APPLICATION

The Panel announced today that the acting President of the Panel, Mrs. Nerolie Withnall, has appointed a sitting Panel for the application by Liquorland (Australia) P/L in relation to its bid for Australian Liquor Group Ltd (ALQ). Liquorland has applied for an interim order restraining the payment by it of the bid consideration and for a declaration of unacceptable circumstances and final orders. Liquorland has made the application initially to put the payments on hold until the Panel has determined its application for a declaration and final orders.

The sitting Panel for this matter is:

Ms Alice McCleary (sitting President)
Mr David Gonski (sitting deputy President)
Ms Carol Buys.

The Panel has commenced its process of seeking submissions from parties, initially on the issue of the application for an interim order in relation to the date for the payment of consideration by Liquorland (the first date for which is currently Wednesday 18 July, 2001).

Nigel Morris
Director, Corporations and Securities Panel
Level 47 Nauru House
80 Collins Street
Melbourne VIC 3000
Ph: +61 3 9655 3501
nigel.morris@takeovers.gov.au