TP25/088
The Panel has accepted an undertaking from Emu NL in relation to the application dated 10 September 2025 by Dronkay Pty Ltd (see TP25/084).
Emu NL undertakes not to allot or issue any shortfall securities in relation to its non‑renounceable pro‑rata entitlement offer announced on 8 September 2025 until 13 October 2025 (being 14 days after Emu NL’s extraordinary general meeting scheduled for 29 September 2025).
A copy of the undertaking is attached.
Allan Bulman
Chief Executive, Takeovers Panel
Level 16, 530 Collins Street
Melbourne VIC 3000
Ph: +61 3 9655 3500
takeovers@takeovers.gov.au
Annexure A
Australian Securities and Investments Commission Act 2001 (Cth) Section 201A
Undertaking
Emu NL 05
Emu NL undertakes to the Panel that, unless it has the Panel’s prior consent, it will not take any steps, and will ensure that no steps are taken by any person, to allot or issue any shortfall securities in relation to its non‑renounceable pro‑rata entitlement offer announced on 8 September 2025 until 13 October 2025 (being 14 days after Emu NL’s extraordinary general meeting scheduled for 29 September 2025).
Signed by Peter Thomas, non‑executive chairman
with the authority, and on behalf, of
Emu NL
Dated 23 September 2025
