Application by Magic Millions for Review of Panel's Decision in Brisbane Broncos Nos 1 and 2 [31/01/2002] The Takeovers Panel

Thursday, 31 January 2002

APPLICATION BY MAGIC MILLIONS FOR REVIEW OF PANEL'S DECISION IN BRISBANE BRONCOS NOS 1 AND 2

Further to its announcement on Tuesday 29 January, the Panel advises that it is still continuing discussions with parties in relation to the application from Magic Millions under section 657EA of the Corporations Act requesting a review of the decisions in the Brisbane Broncos Nos 1 and 2 proceedings.

The Review Panel will make an announcement on the result of those discussions to the market as soon as it is able. The Review Panel is aware of the already long delay in the making of the two takeover bids which have been announced for Broncos and will seek to ensure that the matter is resolved as quickly as possible.

The sitting Panel in this review application is Simon McKeon (sitting President), Ian Ramsay and Carol Buys.

Nigel Morris
Director
Takeovers Panel
Ph: +61 3 9655 3501
nigel.morris@takeovers.gov.au