As foreshadowed previously (see TP22/064), the Takeovers Panel has launched a new version of the Index of Reasons, a topic and legislation index of the Panel’s reasons for decisions, on its website.
The Panel has received an application from WM Clough Pty Ltd in relation to the affairs of Twinza Oil Limited (Twinza).
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.
Twinza is an unlisted public company with approximately 188 ordinary shareholders and 56 preference shareholders.
The Panel has declined to conduct proceedings on an application dated 6 August 2025 from Mr Nicholas Bolton in relation to the affairs of Yowie Group Ltd (Yowie).
The application concerned alleged contraventions of:
The Panel has declined to conduct proceedings on an application dated 9 August 2025 from betr Entertainment Limited (ASX: BBT) (betr) in relation to the affairs of PointsBet Holdings Limited (ASX: PBH) (PointsBet).
PointsBet is subject to two competing off‑market takeover offers:
The Panel has accepted an undertaking from betr Entertainment Limited (ASX: BBT) (betr) (see annexure) and declined to make a declaration of unacceptable circumstances in response to an application dated 29 July 2025 from PointsBet Holdings Limited (ASX: PBH) (PointsBet) in relation to its affairs (see TP25/063).
PointsBet is subject to two competing off‑market takeover offers:
The review Panel has made interim orders1 in response to an application dated 5 August 2025 by Emu NL (Emu) seeking a review of the initial Panel’s decision on 1 August 2025 (see TP25/066) to vary the orders in Emu NL 03 made by the initial Panel on 10 July 2025 (see TP25/056) (as varied, the Orders).
The Panel has declined to conduct proceedings on an application dated 14 July 2025 from Nicholas Bolton seeking a review of the Panel’s decision in Keybridge Capital Limited 20 (see TP25/057 and TP25/050).
Having considered all the material including the material before the initial Panel and the additional material associated with the review application, the review Panel reached similar conclusions to the initial Panel.
The Panel has received an application from betr Entertainment Limited (ASX: BBT) (betr) in relation to the affairs of PointsBet Holdings Limited (ASX: PBH) (PointsBet).
Details of the application, as submitted by the applicant, are below.
No decision has been made by the sitting Panel whether to conduct proceedings. The Panel makes no comment on the merits of the application.
On 16 July 2025, betr lodged a bidder’s statement in relation to a scrip takeover offer for PointsBet (betr Offer).
The Panel has received an application from Mr Nicholas Bolton in relation to the affairs of Yowie Group Ltd (ASX: YOW) (Yowie).
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.