Mayfield Childcare (ASX:MFD) said the Australian government's Takeovers Panel has issued interim orders prohibiting specified parties, alleged to be connected, from disposing of, transferring, or otherwise dealing with the company's shares without prior consent from the Panel, according to a Thursday filing with the Australian bourse.
On Tuesday, the company said the panel received the company's application, regarding alleged undisclosed associations ahead of its upcoming annual general meeting at which resolutions concerning the composition of the board are to be considered.
The application alleges that the parties, which acquired a 43.66% stake in Mayfield Childcare, are collaborating to gain control of the company.
The orders will remain in effect until the earliest of further orders, resolution of the proceedings, or two months from issue, the filing said.
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