New World Resources Limited 02

Introduction

  1. The Panel, Sylvia Falzon, Jon Gidney, and Philippa Stone (sitting President) declined to make a declaration of unacceptable circumstances in relation to the affairs of NWC. The application concerned whether a proposed placement to CAML frustrated the auction for control of NWC and whether acquisitions of NWC shares by CAML on 20 June 2025 contravened certain provisions of the Corporations Act or were otherwise contrary to an efficient, competitive and informed market.

Elanor Commercial Property Fund – Panel Receives Application

The Panel has received an application from Elanor Funds Management Limited (EFM) as responsibility entity of Elanor Commercial Property Fund (ECF) in relation to the affairs of ECF.

The applicant is the subject of an off‑market takeover bid by LDR Assets Pty Ltd as trustee for the LDR Assets Trust (Lederer), offering to acquire all the securities of ECF for $0.70 per ECF security (Offer).

The applicant is represented by an independent board committee established in connection with the Offer.

PointsBet Holdings Limited 03 – Panel Declines to Conduct Proceedings

The Panel has declined to conduct proceedings on an application dated Thursday, 28 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 from betr and MIXI Australia Pty Ltd (MIXI) (see TP25/78).

PointsBet Holdings Limited 03 – Panel Receives Application

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.

Details

PointsBet is subject to two competing off‑market takeover offers:

Twinza Oil Limited – Panel Receives Application

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.

Details

Twinza is an unlisted public company with approximately 188 ordinary shareholders and 56 preference shareholders.

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