The Panel, Ewen Crouch AM (sitting President), Ian Jackman SC and Anthony Sweetman declined to make a declaration of unacceptable circumstances in relation to the affairs of Celamin Holdings NL. The application concerned whether a 15 for 4 renounceable rights issue partially sub-underwritten by two substantial shareholders would have an unacceptable control effect. The Panel decided not to make a declaration in light of Celamin amending aspects of the rights issue and making additional disclosure.

The Panel, James Dickson, Hamish Douglass (sitting President) and Paula Dwyer, declined to make a declaration of unacceptable circumstances in relation to a 5 for 14 entitlement offer announced by Virgin Australia on 14 November 2013. The Panel considered that neither the cap on applications by shareholders for additional shares nor the use of cash settled derivatives as synthetic sub-underwriting arrangements had a material control effect.

The Panel, Richard Hunt, Robert Sultan (sitting President) and Heather Zampatti, declined to make a declaration of unacceptable circumstances in relation to the affairs of Moreton Resources Limited after accepting an undertaking by Moreton. The application primarily concerned whether the terms of funding arrangements between Moreton and Twinkle Woods Limited included unacceptable lock-up devices and whether disclosure regarding the identity of Twinkle Woods was adequate.

The Panel, James Dickson, John Humphrey and Mike Roche (sitting President), declined to conduct proceedings on an application by Mr Foon Keong (Charles) Lew in relation to the affairs of Hastings Rare Metals Limited. The application concerned a placement announced on 23 September 2013 in the context of a requisition seeking to add two directors to Hastings' board. The Panel considered that there was no reasonable prospect that it would declare the circumstances unacceptable.

The Panel, Geoff Brunsdon, Stephanie Daveson and John Fast (sitting President), made a declaration of unacceptable circumstances in relation to the affairs of STI-Global Limited. The Panel declared that a proxy arrangement and share sale agreement between Kevin Reichelt, Redheart Investments Pty Ltd, Donald Searle and RIQ Pty Ltd gave rise to unacceptable circumstances and cancelled them.