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Takeovers Panel - Latest News [Page 1]

Takeovers Panel Consults On Regulatory Alignment Of Schemes And Code Offers And Deal Protection Devices

Monday, 18 September 2023, 11:34 am | Takeovers Panel

As part of the Takeovers Panel’s ongoing review of takeovers law and practice, the Panel today released two consultation papers seeking input on a range of proposed amendments to the Takeovers Code (the Code ) and other related capital markets legislation. ... More >>

Takeovers Panel Recommends Amendments To The Takeovers Code And Other Legislation

Tuesday, 19 July 2022, 5:41 pm | Takeovers Panel

The Takeovers Panel has recommended to the Minister of Commerce and Consumer Affairs that amendments be made to the Takeovers Code and other capital markets legislation. The Panel’s recommendations include changes to the definition of ‘Code company’ ... More >>

Andrew Lowe To Pay Former Blue Sky Shareholders Additional Consideration For Shares Acquired Prior To Takeover Offer

Friday, 22 April 2022, 10:27 am | Takeovers Panel

On 18 March 2022, Southern Lamb Investments Limited ( Southern Lamb ) made an offer to acquire all of the shares in Blue Sky Meats (N.Z.) Limited ( Blue Sky ) at $3 per share. Southern Lamb is owned by interests associated with Andrew Lowe and Scott ... More >>

Takeovers Panel Responds To Metlifecare’s Application For Letter Of Intention

Wednesday, 27 May 2020, 10:04 am | Takeovers Panel

The Takeovers Panel has reviewed the information proposed to be put by Metlifecare Limited ( Metlifecare ) to its shareholders for the purpose of voting on a scheme of arrangement (the Proposed Scheme ) to effect the acquisition of 100% of the ordinary ... More >>

COVID-19 Exemption Relief For Capital Raising

Thursday, 9 April 2020, 11:22 am | Takeovers Panel

9 April 2020 - The Takeovers Panel recently announced that it had approved the granting of a suite of temporary class exemptions from the Takeovers Code that are aimed at assisting Code companies in raising capital. The Takeovers Code (Facilitation of ... More >>

Summary Of Exemptions From The Takeovers Code To Address COVID-19 Impact

Saturday, 28 March 2020, 6:16 pm | Takeovers Panel

On 26 March 2020, the Takeovers Panel announced that it had approved the granting of a suite of temporary class exemptions from the Takeovers Code that are aimed at assisting Code companies in raising capital. These exemptions will apply to capital ... More >>

The Panel Announces Exemption Relief To Address COVID-19 Impact

Thursday, 26 March 2020, 10:48 pm | Takeovers Panel

26 March 2020 - The Takeovers Panel today approved the granting of a suite of temporary class exemptions from the Takeovers Code (the Code ) that are aimed at assisting Code companies in raising capital. The focus of the relief is on making it quicker ... More >>

Takeovers Panel publishes Annual Report 2019

Monday, 25 November 2019, 3:08 pm | Takeovers Panel

The Panel monitored 23 transactions and Code company schemes of arrangement during the year. Takeovers Panel Chair, Andy Coupe said, “Monitoring takeovers transactions and enforcing the Takeovers Code is always the Panel’s highest priority. Continued ... More >>

Complaints Received on New Zealand Oil & Gas Scheme

Tuesday, 29 October 2019, 10:29 am | Takeovers Panel

The Takeovers Panel has recently received, and investigated, several complaints from various shareholders of New Zealand Oil & Gas Limited (NZO) in relation to the proposed acquisition of minority interests in NZO by O.G. Oil & Gas Pte. Ltd under ... More >>

New Board Appointment at the Takeovers Panel

Tuesday, 21 May 2019, 1:56 pm | Takeovers Panel

Takeovers Panel Board Chair Andy Coupe today announced the appointment of Megan Glen to the Takeovers Panel, the government’s regulator of the corporate takeovers market. More >>

High Court on Reimbursement of Abano Takeover Expenses

Tuesday, 1 May 2018, 1:29 pm | Takeovers Panel

The Takeovers Panel welcomes the clarity in deciding future disputes after the High Court delivered its ruling on the dispute over reimbursement of expenses between Abano Healthcare Group and Healthcare Partners. More >>

Takeovers Panel Announces Andrew Hudson New Chief Executive

Thursday, 26 October 2017, 11:35 am | Takeovers Panel

The Takeovers Panel announced the appointment of Andrew Hudson to the position of Chief Executive of the Panel, effective from 26 October 2017. More >>

Panel recommends changes to the Takeovers Code

Monday, 3 April 2017, 1:07 pm | Takeovers Panel

The Takeovers Panel has recommended to the Minister of Commerce & Consumer Affairs, the Hon Jacqui Dean, that a number of amendments be made to the Takeovers Code. More >>

Hellaby/Bapcor takeover - No Section 32 Meeting

Tuesday, 15 November 2016, 3:59 pm | Takeovers Panel

On 9 November 2016, the Panel received a formal request from Bapcor Finance Pty Limited (“Bapcor”), to convene a meeting under section 32(1) of the Takeovers Act 1993 to consider allegations of misleading or deceptive conduct by Hellaby Holdings Limited ... More >>

Takeovers Panel Reports on Achieving Its Objectives

Monday, 24 November 2014, 1:23 pm | Takeovers Panel

The 2014 Annual Report of the Takeovers Panel has just been published, having been tabled in Parliament. More >>

Crowd Funding, Small Offers and the Takeovers Code

Wednesday, 16 April 2014, 1:03 pm | Takeovers Panel

Phase 1 of the Financial Markets Conduct Act 2013 (the “FMC Act”) came into effect on 1 April 2014. More >>

Handy Guide for Directors on Compliance with Takeovers Code

Monday, 17 February 2014, 12:10 pm | Takeovers Panel

The Takeovers Panel has published a Basic Guide for Directors about the Takeovers Code. David Jones, the Chairman of the Takeovers Panel, said “the Guide is designed to assist directors with their oversight of transactions which may have an effect ... More >>

Takeovers Panel launches A Basic Guide

Thursday, 28 November 2013, 1:37 pm | Takeovers Panel

The Takeovers Panel has published shareholders guidance today, in a booklet called A Basic Guide for Shareholders about the Takeovers Code . This is an easy to read Guide for retail investors who are already shareholders in New Zealand companies ... More >>

Guidance About the Code for ‘Mum And Dad’ Investors

Thursday, 28 November 2013, 1:36 pm | Takeovers Panel

Today the Takeovers Panel published a “ Basic Guide for Shareholders about the Takeovers Code” along with a series of “ Fact-Sheets” for shareholders. More >>

Takeovers Panel Reports on Achieving Its Strategic Goals

Wednesday, 27 November 2013, 10:58 am | Takeovers Panel

The 2013 Annual Report of the Takeovers Panel has just been published, having been tabled in Parliament. More >>

 

 
 
 
 
 

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