The review Panel has declined to conduct proceedings on an application dated 18 November 2020 from Cardinal Resources Limited in relation to its affairs. The application sought a review of the initial Panel’s decision to decline to conduct proceedings in relation to Cardinal Resources Limited 03 & 04 (see TP20/76).
The Panel has received an application from The Agency Group Australia Limited in relation to its affairs (ASX: AU1).
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 declined to conduct proceedings on an application dated 20 November 2020 from Cardinal Resources Limited in relation to its affairs (ASX/TSX: CDV) (see TP20/80).
On 18 November 2020, Nordgold made an announcement extending the closing date for its on-market bid for Cardinal to 7 December 2020 (Nordgold Announcement). The Nordgold Announcement contained statements, including that:
The Panel has made further interim orders in Thorn Group Limited 01 & 02 Limited (see TP20/59 and TP20/60). The further interim orders require the Thorn EGM convened for Thursday, 3 December 2020 to be adjourned to a date between 7 and 14 days after the determination of the Panel’s proceedings, to be notified by Thorn in an ASX announcement.
The review Panel has declined to conduct proceedings on an application dated 30 October 2020 from Keybridge Capital Limited in relation to the affairs of Webcentral Group Limited (Webcentral). The application sought a review of the initial Panel’s decision in Webcentral Group Limited1 (see TP20/66).
The application concerned an off-market takeover bid from 5G Networks Limited (5GN) for Webcentral.