The review Panel has declined to conduct proceedings on a review application dated 11 January 2024 from Mr Matthew Bull seeking a review of the initial Panel’s decision to decline to conduct proceedings in Tempus Resources Limited (see TP24/02).

The review Panel concluded there was no reasonable prospect that it would make a declaration of unacceptable circumstances.  Accordingly, the Panel declined to conduct proceedings.

The Panel has received an application from Mr Matthew Bull seeking a review of the Panel’s decision in Tempus Resources Limited (see TP24/02).

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

The Panel has declined to conduct proceedings on an application dated 29 December 2023 from Mr Matthew Bull in relation to the affairs of Tempus Resources Limited.

The application concerned an entitlement issue announced by Tempus on 29 November 2023, being around the time that the applicant and others gave ss 203D and 249D notices to the company, as announced on 18 December 2023 (see TP24/01).

The Panel has received an application from Mr Matthew Bull in relation to the affairs of Tempus Resources Limited (ASX: TMR). 

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 in Tempus.

The review Panel has affirmed the initial Panel’s decision to make a declaration of unacceptable circumstances in Southern Cross Media Group Limited (see TP23/37).

The review Panel proposes to seek further submissions from the parties on orders in the first week of January 2024.

The review Panel is Bruce Cowley, Richard Hunt (sitting President) and John McGlue.

The review Panel will publish its reasons for the decision in due course on its website.

The Panel has accepted undertakings from Mighty Kingdom Limited (Mighty Kingdom), Gamestar Studios Pty Ltd (Gamestar) and entities controlled by Mr Shane Yeend (Yeend Entities) (see annexures) and declined to make a declaration of unacceptable circumstances in response to an application dated 20 November 2023 from Mighty Kingdom in relation to its affairs (see TP23/035).

The President of the Panel previously made interim orders in response to a request from ARN Media Limited (ARN) in relation to a review of the Panel’s decision in Southern Cross Media Group Limited (Southern Cross) to make orders (see TP23/43).

In response to a request for additional interim orders by ASIC, the review Panel has made new interim orders (see Annexure A).

The Panel has received an application from ARN Media Limited seeking a review of the Panel’s decision in Southern Cross Media Group Limited to make orders (see TP23/42).

A review Panel has not been appointed and no decision has been made whether to conduct proceedings.  The Panel makes no comment on the merits of the application.