The Panel has received an application from Mr Bob Ciesla in relation to the affairs of FBR Limited (ASX: FBR) (FBR). The application concerns similar allegations to Mr Ciesla’s application in FBR Limited which was withdrawn (see TP25/025 and TP25/030), noting that Mr Ciesla advised the Panel as part of his request to withdraw that application that he intended to re‑submit the application.

Details of the application, as submitted by the applicant, are below.

The Panel has received an application from Wayburn Holdings Pty Ltd in relation to the affairs of Emu NL (ASX: EMU).

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.

Details

Emu is a precious and base metals explorer that is listed on ASX.

The applicant is a shareholder of Emu.

The Panel has received a request under 657D(3)¹ from entities managed by Sandon Capital Pty Ltd (Sandon) for a variation of final orders made by the Panel in Southern Cross Media Group Limited 02R & 03R (see TP24/06).

The Panel has received an application from Keybridge Capital Limited in relation to the affairs of Yowie Group Ltd.

Details of the application, as submitted by the applicant, are below.

Mr Nicholas Bolton has written to the Panel “in [his] capacity as Chief Executive Officer of Keybridge” stating (among other things) that he did not authorise the application and disputing Keybridge’s authority to make the application.

The Panel has consented to a request by Mr Bob Ciesla to withdraw his application to the Panel dated 4 May 2025 in relation to the affairs of FBR Limited (see TP25/025).

The Panel is satisfied that it is not against the public interest to consent to the applicant withdrawing his application. Given the Panel had not yet made a decision on whether to conduct proceedings, the Panel does not propose to publish reasons in relation to this matter.

The Panel has received an application from Mr Jeremy Raper in relation to the affairs of Pact Group Holdings Ltd (ASX: PGH) (PGH).

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.

Details

The applicant is a shareholder of PGH.

The Panel has received an application from Mr Jeremy Machet and Scrap Invest Pty Ltd (the applicant) in relation to the affairs of Pact Group Holdings Ltd (ASX: PGH) (PGH).

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 review Panel has declined to conduct proceedings on an application dated 22 April 2025 from Emu NL seeking a review of the Panel’s decision in Emu NL (see TP25/024).

The review Panel considered that the applicant did not provide a sufficient body of evidence to justify the review Panel making further enquiries and did not set out in a clear way what the relevant circumstances were. The review Panel was not satisfied that, on the materials provided, there was a compelling case of association.