RHG Limited - Panel Receives Application

The Panel has received an application from Resimac Limited and Australian Mortgage Acquisition Company Pty Limited (together the Resimac Syndicate) dated 25 September 2013 in relation to the affairs of RHG Limited. RHG is currently party to a merger implementation deed with the Resimac Syndicate under which the Resimac Syndicate would acquire 100% of RHG shares. RHG has received a competing proposal from Pepper Australia Pty Limited and Cadence Capital Limited.

Blackham Resources Limited

The Panel, Peter Hay, Rodd Levy (sitting President) and Alison Watkins, declined to make a declaration of unacceptable circumstances in relation to the affairs of Blackham Resources Limited. The application concerned contraventions of s6061 and the substantial holding provisions as a result of an alleged association between certain Blackham shareholders. The Panel considered that there was insufficient evidence of an association at this stage.

Coppermoly Limited

Introduction

  1. The Panel, Ewen Crouch, Elizabeth Hallett and Robert Johanson (sitting President), made a declaration of unacceptable circumstances in relation to the affairs of Coppermoly Limited. The application concerned a 1 for 4 non-renounceable entitlement offer, fully underwritten by Jelsh Holdings Pty Ltd.