MEDIA RELEASE
No: TP12/1 Friday, 6 January 2012 Hastings Diversified Utilities Fund - Panel Declines to Make a Declaration and Publishes Reasons
The Panel has declined to make a declaration of unacceptable
circumstances in response to an application dated 23 December
2011 from Hastings Diversified Utilities Fund in relation to
its affairs. The Panel decided not to make a declaration
after supplementary disclosure was provided in a form and
manner that was acceptable to the Panel.
The Panel today published the reasons for its decision which
are on the Panel's website at www.takeovers.gov.au.
The Panel considered that it is not against the public
interest to decline to make a declaration of unacceptable
circumstances.
The sitting Panel was Julie McPherson, Ian Ramsay (sitting
President) and Mike
Roche.
Alan Shaw
Counsel, Takeovers Panel Level 10, 63 Exhibition Street
Melbourne VIC 3000
Ph: +61 3 9655 3500
alan.shaw @takeovers.gov.au
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