The Takeovers Panel is conscious that Mr James Grenon has
lately acquired voting securities in NZME Restricted. The
Panel has made preliminary inquiries as as to whether Mr Grenon
was an affiliate of Caniwi Capital Companions Restricted and
Spheria Asset Administration Pty Restricted for the needs of the
Takeovers Code on the time Mr Grenon acquired the
securities.
On the premise of the
data accessible to the Panel, the Panel considers that
there may be affordable chance that the events have been
associates and due to this fact sure share acquisitions by Mr
Grenon might not have been in compliance with rule 6(1)(a) of
the Takeovers Code.
The Panel met right this moment
and agreed to convene a gathering below part 32(1) of the
Takeovers Act 1993 as a way to make a dedication about
compliance with the
Code.
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