GEM g8 education limited

Ann: TOV: AFJ Declaration of Unacceptable Circumstances, page-2

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    From the above release from Takeovers Panel
    The Panel made a declaration of unacceptable circumstances because (among other things):
    there are family links between Ms Jennifer Hutson, the chairperson of G8, and the owner of JB Super
    there are, or have been, structural links, common investments and common dealings between Ms Jennifer Hutson and each of the parties identified above

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    there were unusual funding arrangements and unusual use of common intermediaries and
    the acceptances of the scrip bid by JB Super and Taxonomy occurred in uncommercial circumstances.
 
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