The Panel has made orders (Annexure A) requiring Thorn to pay part of the costs of each of the applicants in Thorn Group Limited 01 & 02 (see TP20/88).
The sitting Panel was Robin Bishop (sitting President), John McGlue and Neil Pathak.
The Panel will publish its reasons for the decision in due course.
The Panel has received an application from E&P Financial Group Limited in relation to its affairs (ASX: EP1).
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 made interim orders in relation to applications dated 8 December 2020 by The Agency Group Australia Limited (Agency) and 16 December 2020 by Magnolia Equities III Pty Ltd (Magnolia), both in relation to the affairs of Agency.
The Panel has received an application from Magnolia Equities III Pty Limited (Magnolia) in relation to the affairs of The Agency Group Australia Limited (AU1).
Details of the application, as submitted by the applicant, are below. Further background details are set out in the Panel’s media release relating to AU1’s application in The Agency Group Australia Limited (see TP20/85).
The Panel has made a declaration of unacceptable circumstances (Annexure A) and final orders (Annexure B) in relation to an application dated 14 October 2020 by Forager Funds Management Pty Ltd and an application dated 21 October 2020 by Vaspip 2 Pty Ltd, both in relation to the affairs of Thorn Group Limited (ASX: TGA)(see TP20/59 and TP20/60).
The following facts are in summary form (see the declaration for more background).