Smoke Alarms Holdings Limited 02R - Review Panel Decision
The review Panel has affirmed the decision of the initial Panel to make a declaration of unacceptable circumstances in Smoke Alarms Holdings Limited (Annexure A).
The review Panel has accepted undertakings from Smoke Alarms Holdings Limited (SAH), Mr Randall Deer and Fast Future Pty Ltd as trustee for Fast Future Trust (Fast Future) (Annexures B, C and D respectively).
Keybridge Capital Limited 03
Energy Resources of Australia Limited
MEC Resources Limited 02
Smoke Alarms Holdings Limited
Introduction
- The Panel, Elizabeth Hallett (sitting President), Bill Koeck and John McGlue, made a declaration of unacceptable circumstances in relation to the affairs of Smoke Alarms Holdings Limited.
Energy Resources of Australia Limited 02R - Review Panel Decision
The review Panel has affirmed the decision of the initial Panel to make a declaration of unacceptable circumstances in Energy Resources of Australia Limited (Annexure A) and varied the initial Panel’s orders (Annexure B).
The review Panel was satisfied that orders prohibiting Rio Tinto1 from compulsorily acquiring shares in Energy Resources of Australia Limited (ERA) as a consequence of ERA’s entitlement offer would be unfairly prejudicial to Rio Tinto and therefore removed those orders.
Donaco International Limited 03R
Smoke Alarms Holdings Limited 02R - Panel Receives Review Application
The Panel has received an application from Fast Future Pty Ltd seeking a review of the Panel’s decision in Smoke Alarms Holdings Limited (see TP20/02).
A review 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.