The Panel has made interim orders¹ on the application dated 4 March 2020 by GTT Global Opportunities Pty Ltd² in relation to the affairs of Accelerate Resources Limited (Accelerate).

The interim orders state that:

The Panel has received an application from Bentley Capital Limited and Scarborough Equities Pty Ltd in relation to the affairs of Keybridge Capital Limited. Keybridge is the subject of competing takeover bids from WAM Active Limited and Aurora Funds Management Limited as responsible entity for the Aurora Dividend Income Trust (ADIT).

Details of the application, as submitted by the applicants, are below.

The Panel has received an application from GTT Global Opportunities Pty Ltd¹ in relation to the affairs of Accelerate Resources Limited. 

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 Acting President of the Panel has made interim orders¹ in response to an application for interim orders dated 13 March 2020 by WAM Active Limited in relation to the affairs of Keybridge Capital Limited.  WAM Active has also undertaken to make an application to the Panel in relation to the affairs of Keybridge Capital Limited.  The Panel will issue a media release detailing that application once it is received.

Tomorrow marks the 20 year anniversary of the Takeovers Panel’s role as the main forum for resolving takeover disputes in Australia. The Panel in its current form commenced on 13 March 2000.

Alex Cartel, Panel President, said:

The Panel has received an application from Keybridge Capital Limited in relation to its affairs. Keybridge is the subject of competing takeover bids from WAM Active Limited and Aurora Funds Management Limited as responsible entity for the Aurora Dividend Income Trust.

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 Acting President of the Panel has made interim orders¹ in response to an application for interim orders dated 10 March 2020 by Keybridge Capital Limited in relation to its affairs.  Keybridge has also undertaken to make an application to the Panel in relation to its affairs.  The Panel will issue a media release detailing that application once it is received.

The Panel has received an application from CML Group Limited in relation to its affairs. 

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 GTT Global Opportunities Pty Ltd¹ in relation to the affairs of Accelerate Resources Limited. 

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 WAM Active Limited in relation to the affairs of Keybridge Capital Limited.

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 the receipt of WAM Active’s application in Keybridge Capital Limited 04 (see TP20/08).