The Acting President of the Panel has made interim orders1 in response to an application for interim orders dated 17 March 2025 by Harvest Lane Asset Management Pty Ltd in relation to the affairs of Dropsuite Limited (ASX: DSE) (Dropsuite).
The review Panel has declined to conduct proceedings on an application dated 2 March 2025 from the Munro Family Super Fund seeking a review of the Panel’s decision in Vmoto Limited (see TP25/014).
The Panel has received an application from Harvest Lane Asset Management Pty Ltd in relation to the affairs of Dropsuite Limited (ASX: DSE) (Dropsuite).
Details of the application, as submitted by the applicant, are below.
A sitting Panel has not been appointed at this stage and no decision has been made whether to conduct proceedings. The Panel makes no comment on the merits of the application.
The Panel has declined to conduct proceedings on two applications from Benjamin Hornigold Ltd (ASX: BHD) (Benjamin Hornigold) – one in relation to the affairs of Keybridge Capital Limited (Administrator Appointed, ASX: KBC) (Keybridge) and the other in relation to its own affairs.1
In response to a request from MG Invest Limited (MG Invest), the Panel has consented (on 11 March 2025) to a variation to MG Invest’s undertaking1 in Montu Group Pty Ltd which restricted MG Invest from initiating compulsory acquisition of Montu Group Pty Ltd (Montu) shares under Part 6A.2 for a 12‑month period (see TP24/60).
The Takeovers Panel notes the reappointment of 14 members and the appointment of 4 new members to the Panel for terms of 3 years, effective 8 March 2025.
The following members have been appointed: Ms Kellie Benda, Mr Costas Condoleon, Ms Tonianne Dwyer and Ms Susan Forrester. The President and the Panel executive warmly welcome the new members.
Mr Alex Cartel has been reappointed as President and member of the Panel.