• Review Panel sets aside initial orders and makes new orders
• TAG not required to dispose of shares, but cannot vote 15 million shares
• Humm IBC required to disclose certain information to shareholders

The Takeovers Panel review panel has made new orders in relation to Humm Group Ltd, setting aside the initial orders made by the initial panel. The new orders do not require The Abercrombie Group Pty Ltd (TAG), an entity controlled by Mr Andrew Abercrombie, to dispose of any Humm shares. Instead, the new orders require TAG not to vote 15 million of the Humm shares that it holds for approximately 6 months. This means that TAG will not be permitted to vote 15 million of the Humm shares that it holds at the upcoming extraordinary general meeting of Humm (EGM). The new orders also require the Humm independent board committee (IBC) to disclose certain information material to shareholders' assessment of the likelihood of progression of the Credit Corp Proposal, including the IBC's and Mr Abercrombie's current views on the proposal. The orders also require TAG to continue to hold at least 15 million Humm shares until 6 months after the date of the disclosure, and to accept at least 15 million Humm shares into a bid made by Credit Corp if certain conditions are met. Additionally, the orders require Humm to further adjourn the EGM to allow shareholders time to consider the information contained in the disclosure.