Sementis Limited

Introduction

  1. The Panel, Bruce Cowley, Marissa Freund and Diana Nicholson (sitting President), declined to make a declaration of unacceptable circumstances in relation to the affairs of Sementis Limited after accepting undertakings. The application concerned (among other things) an entitlement offer being undertaken by Sementis in circumstances where Fortitude Nominees (an entity controlled by a Sementis director) could potentially increase its voting power in Sementis from approximately 47.55% to a maximum of 59.3%.

Sementis Limited - Panel Receives Application

The Panel has received an application from Dr Glen Harold Burgess in relation to the affairs of Sementis Limited. Sementis is an unlisted public company. The application concerns an entitlement offer being undertaken by Sementis.

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.

Webcentral Group Limited 04R

Introduction

  1. The review Panel, Chelsey Drake, Teresa Dyson and Michelle Jablko (sitting President), declined to conduct proceedings on an application by Keybridge Capital Limited to review the decision of the initial Panel in Webcentral Group Limited 03.1
  2. In these reasons, the following definitions apply.
    5GN
    5G Networks Limited
    Capital Raising
    has the meaning given in paragra

Appointment of Panel Members

The Takeovers Panel notes the announcement by the Treasurer of the reappointment of 14 members and the appointment of 3 new members to the Panel for terms of 3 years and additional funding for the Takeovers Panel.

The following members have been appointed: Ms Marina Kelman; Ms Sandy Mak and Mr John Sheahan QC (previously a Panel member from 2014 to 2020).

Subscribe to