The Panel, Peter Day, Rod Halstead (sitting President) and Ron Malek, declined to conduct proceedings on an application by Envestra in relation to its affairs. The application concerned announcements made on 30 May 2014 by Envestra and CK ENV that related to a conditional off-market takeover bid by CK ENV for Envestra and the entitlement of Envestra shareholders to receive a final dividend. The Panel considered that the application was premature.

The Panel, Richard Hunt (sitting President), John Sheahan QC and Jane Sheridan, made a declaration of unacceptable circumstances in relation to the affairs of Northern Iron Limited. The application concerned non-compliance with substantial holder notice and tracing notice provisions. The Panel considered that the non-disclosure resulted in shareholders, the directors and the market not knowing the identity of a person who was proposing to acquire, and had acquired, a substantial interest. The Panel ordered disclosure, a ‘creep’ freeze and costs.