The Panel has declined to conduct proceedings on an application from Mr Gordon Elkington in relation to the affairs of Wollongong Coal Limited (Wollongong) (see TP22/01) after accepting undertakings from BDO Corporate Finance (WA) Pty Limited (BDO) and Jindal Steel & Power (Mauritius) Limited (Jindal).
On an application from Nex Metals Explorations Ltd, the Panel has varied its additional orders made in Nex Metals Explorations Ltd 02 (see TP21/48). Nex Metals is currently the subject of an off-market scrip takeover bid from Metalicity Ltd.
The Panel received a request from Nex Metals Explorations Ltd for an extension to lodge its Replacement Target’s Statement in relation to Metalicity Ltd’s off‑market scrip bid for Nex Metals pursuant to Order 3 of the Panel’s additional orders dated 17 December 2021 (see Annexure A).
The Panel has decided to consent to a one week extension which gives Nex Metals until Friday, 21 January 2022 to lodge its Replacement Target’s Statement.
The sitting Panel was Marina Kelman, Michael Lishman and Karen Phin (sitting President).
The review Panel has further varied the orders of the initial Panel (see TP22/04) to delete order 1.
The Panel has accepted an undertaking from Emerald Resources NL in relation to the application dated 6 January 2022 by Hongkong Xinhe International Investment Company Limited (see TP22/02).
The review Panel has affirmed the decision of the initial Panel to make a declaration of unacceptable circumstances in PM Capital Asian Opportunities Fund Limited 01 and varied the initial Panel’s orders (see Annexure A).
On 7 December 2021, the Panel received separate applications from each of Paul Moore (and his associated entities) and PM Capital Limited seeking a review of the initial Panel’s decision in PM Capital Asian Opportunities Fund Limited 01 (see TP 21/45).
The Panel has received an application from Mr Anthony Richard Lewis and Greenwich Capital Partners Pty Ltd (the Applicants) in relation to the affairs of Smoke Alarms Holdings Ltd (SAS).
Details of the application, as submitted by the Applicants, 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.
SAS is a company which the Applicants say has more than 50 members.
The Panel has received an application from Hongkong Xinhe International Investment Company Limited in relation to the affairs of Bullseye Mining Limited. Bullseye is currently the subject of a recommended off‑market takeover bid by Emerald Resources NL (ASX: EMR).
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.
The Panel has received an application from Mr Gordon Elkington in relation to the affairs of Wollongong Coal Limited. The application concerns an independent expert’s report provided in the context of a compulsory acquisition under Chapter 6A commenced by the major shareholder of Wollongong.
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.