The Panel today published the reasons for its decision on an application dated 13 February 2012 from The Weir Group PLC in relation to the affairs of Ludowici Limited.
The Panel has declined to conduct proceedings on an application dated 29 February 2012 from The Weir Group PLC and an application dated 1 March 2012 from FLSmidth & Co. A/S, each seeking a review of the Panel's decision in Ludowici Limited 01 (TP12/09).
The Acting President of the Panel has made interim orders1 in response to a request dated 5 March 2012 by FLSmidth & Co. A/S in relation to the affairs of Ludowici.
The Panel has received an application from Intelligent Investor Funds Pty Ltd in relation to the affairs of the Real Estate Capital Partners USA Property Trust. The application concerns a 0.98 for 1 renounceable rights issue, announced by the responsible entity1 of Real Estate on 1 March 2012, to raise approximately $20 million at 40 cents per unit.
The Acting President of the Panel has made interim orders in response to request for interim orders by The Weir Group PLC in its review application of the initial Panel’s decision in Ludowici Limited 01 (see TP 12/11).
The Panel has received an application from FLSmidth & Co A/S seeking a review of the Panel's decision in Ludowici Limited (TP12/09). On 29 February 2012, the Panel received an application from The Weir Group PLC seeking a review of the same decision (TP12/11).
Cirrus Business Investments Limited has provided an undertaking in lieu of the Panel making interim orders in response to an application from Jiggi Investments Pty Ltd and others in relation to the affairs of Careers Australia Group Limited (see TP12/08).
The Panel has made a declaration of unacceptable circumstances (Annexure A) and final orders (Annexure B) in relation to an application dated 13 February 2012 by The Weir Group PLC in relation to the affairs of Ludowici Limited (see TP12/04).