DRA Global Limited - Orders
The Panel has made final orders (Annexure A) in relation to an application dated 21 March 2022 by Haydn von Maltitz in relation to the affairs of DRA Global Limited (DRA) (see TP22/24).
Virtus Health Limited 06R – Panel Receives Review Application
The Panel has received an application from Virtus Health Limited seeking a review of the Panel’s decision in Virtus Health Limited 05 (see TP22/38).
The President of the Panel has consented to the application for review under section 657EA(2) of the Corporations Act 2001 (Cth).
DRA Global Limited – Declaration of Unacceptable Circumstances
The Panel has made a declaration of unacceptable circumstances (Annexure A) in relation to an application dated 21 March 2022 by Haydn von Maltitz in relation to the affairs of DRA Global Limited (DRA) (see TP22/24).
Background
DRA is an ASX listed company (ASX/JSE: DRA).
Virtus Health Limited 05 – Panel Declines to Conduct Proceedings
The Panel has declined to conduct proceedings on an application dated 29 April 2022 from Virtus Health Limited (Virtus) in relation to its affairs.
Virtus is the subject of competing control proposals for all its fully paid ordinary shares from both BGH Capital Pty Ltd1 (BGH Bidders) and CapVest Partners LLP (CapVest) which have been the subject of several Panel applications.2
Bullseye Mining Limited 05 – Panel Declines to Conduct Proceedings
The Panel has declined to conduct proceedings on an application dated 21 April 2022 from Au Xingao Investment Pty Ltd (Xingao) in relation to the affairs of Bullseye Mining Limited (Bullseye) (see TP22/32). Bullseye is currently the subject of takeover bids by Emerald Resources NL (ASX:EMR) and Xingao.
Among other things, Xingao had submitted that Bullseye (in summary) failed to:
Virtus Health Limited 04R – Panel Declines to Conduct Proceedings
The review Panel has declined to conduct proceedings on a review application dated 22 April 2022 from CapVest Partners LLP (CapVest) in relation to the affairs of Virtus Health Limited (Virtus). The application sought a review of the initial Panel’s decision in Virtus Health Limited 03 (see TP22/30).
Virtus Health Limited 05 – Panel Receives Application
The Panel has received an application from Virtus Health Limited (Virtus) in relation to its affairs.
Virtus is the subject of competing control proposals for all its fully paid ordinary shares from both BGH Capital Pty Ltd1 (BGH Bidders) and CapVest Partners LLP (CapVest) which have been the subject of several Panel applications.2
Details of the application, as submitted by Virtus, are below.
Nex Metals Explorations Ltd 05 – Declaration of Unacceptable Circumstances and Orders
The Panel has made a declaration of unacceptable circumstances (Annexure A) and final orders (Annexure B) in relation to an application dated 18 March 2022 by Metalicity Ltd in relation to the affairs of Nex Metals Explorations Ltd (see TP22/23).
Virtus Health Limited 04R – Panel Receives Review Application and President Makes Interim Orders
On 22 April 2022, the Panel received an application from CapVest Partners LLP seeking a review of the Panel’s decision in Virtus Health Limited 03 (see TP22/30).
Bullseye Mining Limited 05 – Panel Receives Application
The Panel has received an application from Au Xingao Investment Pty Ltd in relation to the affairs of Bullseye Mining Limited. Bullseye is currently the subject of takeover bids by Emerald Resources NL (ASX:EMR) and Au Xingao Investment Pty Ltd.
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.