Global Lithium Resources Limited

Introduction

  1. The Panel, Alberto Colla, Louise Higgins and Christian Johnston (sitting President), declined to conduct proceedings in relation to the affairs of Global Lithium Resources Limited. The application concerned an alleged undisclosed association, from at least February 2024, between certain Global Lithium shareholders holding approximately 30–40% in the context of an annual general meeting to be held on 13 February 2025. At the meeting, resolutions concerning the composition of the board are to be considered. The Panel considered that the application was not timely.

Keybridge Capital Limited 15 and Benjamin Hornigold Ltd 13 – Panel Declines to Conduct Proceedings

The Panel has declined to conduct proceedings on two applications dated 21 January 2025 from Keybridge Capital Limited (ASX: KBC) (Keybridge) – one in relation to its own affairs and the other in relation to the affairs of Benjamin Hornigold Ltd (ASX: BHD) (BHD), (the Applications).1

Global Lithium Resources Limited 02R – Panel Receives Review Application

The Panel has received an application from Global Lithium Resources Limited seeking a review of the Panel’s decision in Global Lithium Resources Limited (see TP25/004).

The Acting President of the Panel has consented to the application for review under section 657EA(2) of the Corporations Act 2001 (Cth).

A review 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.

Keybridge Capital Limited 15 and Benjamin Hornigold Ltd 13 – Panel Receives Applications

The Panel has received two applications from Keybridge Capital Limited (ASX: KBC) (Keybridge) – one in relation to the affairs of Benjamin Hornigold Ltd (ASX: BHD) (BHD) and the other in relation to its own affairs.

Details of the applications, 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 on either application. The Panel makes no comment on the merits of the applications.

Global Lithium Resources Limited – Panel Receives Application

The Panel has received an application from Global Lithium Resources Limited (ASX: GL1) (Global Lithium) in relation to its affairs. The application concerns alleged undisclosed associations in the context of an upcoming annual general meeting at which resolutions concerning the composition of the board are to be considered.

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

Montu Group Pty Ltd

Introduction

  1. The Panel, Bruce Cowley, Katrina Efthim and Diana Nicholson (sitting President), made a declaration of unacceptable circumstances in relation to the affairs of Montu Group Pty Ltd. The application concerned a proposed selective buy‑back of Montu shares held by shareholders other than majority shareholder MG Invest, that could have (in the form originally announced) allowed MG Invest to compulsorily acquire all outstanding shares.

Panel Applications and Announcements During the Holiday Season

The Panel’s office will be closed from 5pm (Melbourne time) on Tuesday 24 December 2024, reopening on Thursday 2 January 2025. A small number of staff will be available to deal with urgent matters during this period (other than the Christmas Day, Boxing Day and New Year’s Day public holidays). If you are considering lodging an application during this period, please call us on (03) 9655 3500 at your earliest convenience and prior to the closure of the office.

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