❓ A WA parliamentary question addresses whether pre-registered investors were informed about the early closure of a public offer and if compensation would be considered for those who missed the information. The Minister confirms notification efforts but denies compensation.
AnsweredQoN 803Legislative Assembly
QuestionView source ↗
(2) If so, were steps taken to ensure that pre-registered persons interested in investing were informed of the early public offer closure? (3) If “Yes” to (2), what were these steps? (4) As it seems some pre-registered persons failed to receive such information, is the Government considering any form of consideration/compensation for those persons? (5) If not, will the Government undertake to consider such compensation? Answered on 14 November 2000 The Minister
AnswerView source ↗
Answered
14 November 2000
Response time
34 days
(1) Yes. (2) Yes. (3) The Minister for Energy made a press release on Tuesday 26 September and full or half page advertisements were placed in The West Australian on each of the three days from 27 September to 29 September. Quarter page advertisements were also placed in The Australian Financial Review and The Australian on 28 September. Another press release was also made by the Minister for Energy on Thursday 28 September, regarding the early closure of the Public Offer. The announcement also received wide coverage in the electronic media. (4) No. (5) No.
(3) If “Yes” to (2), what were these steps? (4) As it seems some pre-registered persons failed to receive such information, is the Government considering any form of consideration/compensation for those persons? (5) If not, will the Government undertake to consider such compensation? Answered on 14 November 2000 The Minister Replied: (1) Yes. (2) Yes. (3) The Minister for Energy made a press release on Tuesday 26 September and full or half page advertisements were placed in The West Australian on each of the three days from 27 September to 29 September. Quarter page advertisements were also placed in The Australian Financial Review and The Australian on 28 September. Another press release was also made by the Minister for Energy on Thursday 28 September, regarding the early closure of the Public Offer. The announcement also received wide coverage in the electronic media. (4) No. (5) No.
(4) As it seems some pre-registered persons failed to receive such information, is the Government considering any form of consideration/compensation for those persons? (5) If not, will the Government undertake to consider such compensation? Answered on 14 November 2000 The Minister Replied: (1) Yes. (2) Yes. (3) The Minister for Energy made a press release on Tuesday 26 September and full or half page advertisements were placed in The West Australian on each of the three days from 27 September to 29 September. Quarter page advertisements were also placed in The Australian Financial Review and The Australian on 28 September. Another press release was also made by the Minister for Energy on Thursday 28 September, regarding the early closure of the Public Offer. The announcement also received wide coverage in the electronic media. (4) No. (5) No.
(5) If not, will the Government undertake to consider such compensation? Answered on 14 November 2000 The Minister Replied: (1) Yes. (2) Yes. (3) The Minister for Energy made a press release on Tuesday 26 September and full or half page advertisements were placed in The West Australian on each of the three days from 27 September to 29 September. Quarter page advertisements were also placed in The Australian Financial Review and The Australian on 28 September. Another press release was also made by the Minister for Energy on Thursday 28 September, regarding the early closure of the Public Offer. The announcement also received wide coverage in the electronic media. (4) No. (5) No.
Answered on 14 November 2000 The Minister Replied: (1) Yes. (2) Yes. (3) The Minister for Energy made a press release on Tuesday 26 September and full or half page advertisements were placed in The West Australian on each of the three days from 27 September to 29 September. Quarter page advertisements were also placed in The Australian Financial Review and The Australian on 28 September. Another press release was also made by the Minister for Energy on Thursday 28 September, regarding the early closure of the Public Offer. The announcement also received wide coverage in the electronic media. (4) No. (5) No.
(3) If “Yes” to (2), what were these steps? (4) As it seems some pre-registered persons failed to receive such information, is the Government considering any form of consideration/compensation for those persons? (5) If not, will the Government undertake to consider such compensation? Answered on 14 November 2000 The Minister Replied: (1) Yes. (2) Yes. (3) The Minister for Energy made a press release on Tuesday 26 September and full or half page advertisements were placed in The West Australian on each of the three days from 27 September to 29 September. Quarter page advertisements were also placed in The Australian Financial Review and The Australian on 28 September. Another press release was also made by the Minister for Energy on Thursday 28 September, regarding the early closure of the Public Offer. The announcement also received wide coverage in the electronic media. (4) No. (5) No.
(4) As it seems some pre-registered persons failed to receive such information, is the Government considering any form of consideration/compensation for those persons? (5) If not, will the Government undertake to consider such compensation? Answered on 14 November 2000 The Minister Replied: (1) Yes. (2) Yes. (3) The Minister for Energy made a press release on Tuesday 26 September and full or half page advertisements were placed in The West Australian on each of the three days from 27 September to 29 September. Quarter page advertisements were also placed in The Australian Financial Review and The Australian on 28 September. Another press release was also made by the Minister for Energy on Thursday 28 September, regarding the early closure of the Public Offer. The announcement also received wide coverage in the electronic media. (4) No. (5) No.
(5) If not, will the Government undertake to consider such compensation? Answered on 14 November 2000 The Minister Replied: (1) Yes. (2) Yes. (3) The Minister for Energy made a press release on Tuesday 26 September and full or half page advertisements were placed in The West Australian on each of the three days from 27 September to 29 September. Quarter page advertisements were also placed in The Australian Financial Review and The Australian on 28 September. Another press release was also made by the Minister for Energy on Thursday 28 September, regarding the early closure of the Public Offer. The announcement also received wide coverage in the electronic media. (4) No. (5) No.
Answered on 14 November 2000 The Minister Replied: (1) Yes. (2) Yes. (3) The Minister for Energy made a press release on Tuesday 26 September and full or half page advertisements were placed in The West Australian on each of the three days from 27 September to 29 September. Quarter page advertisements were also placed in The Australian Financial Review and The Australian on 28 September. Another press release was also made by the Minister for Energy on Thursday 28 September, regarding the early closure of the Public Offer. The announcement also received wide coverage in the electronic media. (4) No. (5) No.
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