Pact recent news, page-374

Concern Submitted to the Takeovers Panel – Formal Delisting Applications.

This is a copy of the concern I submitted to the Takeovers Panel regarding formal delisting applications.
You're welcome to use or adapt it by adding your own details if you'd like to make a submission yourself.

Your Name

Acting on behalf of myself,

Minority Shareholders – Pact Group Holdings Ltd (ASX: PGH)

Mobile:

Date

Mr. Allan Bulman

Chief Executive

Takeovers Panel

Level 16

530 Collins Street

Melbourne VIC 3000

RE: Concerns of Minority Shareholders – Pact Group Holdings Limited (ASX: PGH)

Dear Mr. Bulman,

I am writing on behalf of myself, and all minority shareholders of Pact Group Holdings Limited (ASX: PGH), to formally raise our concerns about recent developments which we believe significantly disadvantage minority shareholders and may be inconsistent with the principles enshrined in the Corporations Act and enforced by the Takeovers Panel.

We are particularly alarmed by the prospect of the company delisting from the ASX. Such a move would effectively remove the level of transparency and accountability that a listed structure ensures and would limit shareholders’ access to timely and material information. The public listing is currently our only avenue for insight and scrutiny into corporate governance matters. Its removal would leave minority shareholders, such as ourselves, in a significantly weaker position.

There appears to be considerable pressure on minority shareholders to sell their holdings—at what we believe to be a grossly undervalued price—due to uncertainty and a lack of clear communication. Should the company be allowed to delist under the current circumstances, we feel we would be left with no viable option but to sell, under conditions that do not reflect the fair value of our investment.

These actions, in our view, raise serious concerns about whether control is being consolidated without due regard for minority interests and without adequate transparency or shareholder approval. This undermines the core principle that all shareholders deserve equal treatment and full disclosure in matters affecting control and corporate direction.

We respectfully urge the Takeovers Panel to review this situation and consider whether a formal inquiry or intervention is warranted to protect the integrity of Australia's takeover framework and to safeguard the rights of minority shareholders.

We would welcome the opportunity to provide further details or supporting documentation to assist in your assessment. Thank you for your attention to this matter.

Yours sincerely,

Your Name

Contact number

Shareholders – Pact Group Holdings Limited (ASX: PGH)