A S P Aluminium Holdings Pty Ltd 02R – Review Panel Decision
The review Panel has affirmed the decision of the initial Panel not to make a declaration of unacceptable circumstances in A S P Aluminium Holdings Pty Ltd (see TP23/21).
A S P Aluminium Holdings Pty Ltd
Introduction
- The Panel, Alberto Colla, Elizabeth Hallett (sitting President) and Bruce McLennan, declined to make a declaration of unacceptable circumstances in relation to the affairs of A S P Aluminium Holdings Pty Ltd. The application concerned alleged contraventions of section 606(1)1 by ASP, its Controllers and others and an alleged plot by ASP and others to reduce the number of ASP shareholders below 51 so that the takeovers provisions in Chapter 6 no longer apply to ASP.
The Market Herald Limited - Orders
The Panel has made final orders (Annexure A) in relation to an application dated 6 February 2023 by UIL Limited in relation to the affairs of The Market Herald Limited (TMH) (see TP23/08).
A S P Aluminium Holdings Pty Ltd 02R – Panel Receives Review Application and Acting President Makes Interim Orders
The Panel has received an application from Villefranche Investments Pty Limited as trustee of the Gates Family Trust seeking a review of the Panel’s decision in A S P Aluminium Holdings Pty Ltd (see TP23/21).
A S P Aluminium Holdings Pty Ltd – Panel Declines to Make Declaration
The Panel has declined to make a declaration of unacceptable circumstances in response to an application dated 2 May 2023 from Villefranche Investments Pty Limited as trustee of the Gates Family Trust in relation to the affairs of A S P Aluminium Holdings Pty Ltd (see TP23/17).
The Panel considered (among other matters) that:
Healius Limited
Introduction
- The Panel, Timothy Longstaff, Denise McComish (sitting President) and Rory Moriarty, declined to conduct proceedings on an application by Healius in relation to its affairs. The application concerned bidder’s statement disclosure in relation to an off‑market takeover bid by ACL for Healius. The Panel considered that there was no reasonable prospect that it would declare the circumstances unacceptable after ACL issued a replacement bidder’s statement in a form the Panel did not object to.
- In these reasons, the following definitions appl
The Market Herald Limited – Declaration of Unacceptable Circumstances
The Panel has made a declaration of unacceptable circumstances (Annexure A) in relation to an application dated 6 February 2023 by UIL Limited in relation to the affairs of The Market Herald Limited (see TP23/08).
Background
The Market Herald Limited (TMH) is an ASX listed company (ASX code: TMH) formerly known as HotCopper Holdings Limited.
A S P Aluminium Holdings Pty Ltd – Panel Makes Interim Orders
The Panel has made interim orders in response to an application for interim orders dated 2 May 2023 by Villefranche Investments Pty Limited as trustee of the Gates Family Trust in relation to the affairs of A S P Aluminium Holdings Pty Ltd (ASP).
The interim orders state (in summary) that:
AIMS Property Securities Fund 03
Introduction
- The Panel, Marina Kelman, Robert McKenzie and Nicola Wakefield Evans (sitting President), declined to make a declaration of unacceptable circumstances in relation to the affairs of APW. The application concerned an alleged association between a controlling unitholder of APW who is also a director of its responsible entity APW RE, and his brother and sister.
The Market Herald Limited - Extension of Time Granted by Federal Court
The Panel refers to its media release dated 2 May 2023 (see TP23/016).