Finders Resources Limited 03R - Federal Court Decision and Variation of Orders

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The Federal Court has dismissed the application by Eastern Field Developments Limited (see TP18/52) for judicial review of the review Panel's decision (see Eastern Field Developments Limited v Takeovers Panel [2019] FCA 311).

The review Panel has varied its final orders dated 6 June 2018 (as set out in Annexure A) to:

  • give Taurus Funds Management Pty Ltd until 25 March 2019 to publish the notices required by Order 33 and
  • change the "Effective Date" (defined in Order 37) to 18 March 2019, to coincide with the lifting of the stay of the review Panel's orders.

Allan Bulman
Director, Takeovers Panel
Level 10, 63 Exhibition Street
Melbourne VIC 3000
Ph: +61 3 9655 3500

Annexure A

Corporations Act
Sections 657EA and 657D
Variation of Orders

Finders Resources Limited 03R

Pursuant to sections 657EA(4) and 657D(3) of the Corporations Act 2001 (Cth)

The Review Panel orders

The final orders made on 6 June 2018 are varied by:

  1. Replacing "within 2 business days of the Effective Date" in Order 33 with "by 25 March 2019".
  2. Replacing the definition of "Effective Date" in Order 37 with "18 March 2019".

Bruce Dyer
with authority of Ron Malek
President of the sitting Panel
Dated 16 March 2019