TP25/014
The Panel has received an application from the Munro Family Super Fund seeking a review of the Panel’s decision in Vmoto Limited (see TP25/013).
The President of the Panel has consented to the application for review under section 657EA(2) of the Corporations Act 2001 (Cth) (Act).
The President has also considered an interim order sought by the applicant to postpone the general meeting, currently scheduled to be held on Thursday, 6 March 2025, called by Vmoto Limited following a shareholder request pursuant to section 249D of the Act. The President has decided not to make that interim order, noting that if the review Panel (once appointed) makes a declaration of unacceptable circumstances the review Panel could make a final order requiring another meeting should it see fit to do so.
A review Panel has not been appointed at this stage and no decision has been made whether to conduct proceedings. The Panel makes no comment on the merits of the application.
Allan Bulman
Chief Executive, Takeovers Panel
Level 16, 530 Collins Street
Melbourne VIC 3000
Ph: +61 3 9655 3500
takeovers@takeovers.gov.au