The Gribbles Group Limited – Panel Publishes Reasons [27/07/2004] The Takeovers Panel

Tuesday, 27 July 2004

THE GRIBBLES GROUP LIMITED – PANEL PUBLISHES REASONS

The Takeovers Panel (the Panel) has today published the reasons for its decision to consent to the application (the Application) from the Australian Securities and Investments Commission (ASIC) dated 9 July 2004 alleging unacceptable circumstances in relation to the affairs of The Gribbles Group Limited (Gribbles) being withdrawn.

The reasons are substantially based upon the Panel’s comments in the Panel’s media releases TP04/60 and TP04/64, available on the Panel’s website at: Media Releases.

The sitting Panel was Meredith Hellicar (sitting President), Robyn Pak-Poy (sitting Deputy President) and Simon Withers.

The reasons of the Panel are available on the Panel’s website at: Decisions.

George Durbridge,
Director, Takeovers Panel
Level 47 Nauru House, 80 Collins Street
Melbourne VIC 3000
Ph: +61 3 9655 3553
george.durbridge@takeovers.gov.au