Pact Group Holdings Ltd – Panel Accepts Undertakings

The Panel has accepted undertakings from Bennamon Industries Pty Ltd (Bennamon), a wholly‑owned subsidiary of Kin Group Pty Ltd (see Annexure) in relation to an application dated 15 March 2024 from Manipur Nominees Pty. Ltd., Shriar Consolidated Pty Ltd, Stanningfield Proprietary Limited and Gandur Superannuation No. 3 Pty Ltd in relation to the affairs of Pact Group Holdings Ltd (ASX: PGH) (Pact Group) (see TP24/11).

Vintage Energy Limited – Panel Receives Application

The Panel has received an application from Keybridge Capital Limited in relation to the affairs of Vintage Energy Limited (ASX: VEN).

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.

Details

The applicant is a substantial shareholder in Vintage.

Pact Group Holdings Ltd - Panel Receives Application

The Panel has received an application from Manipur Nominees Pty. Ltd., Shriar Consolidated Pty Ltd, Stanningfield Proprietary Limited and Gandur Superannuation No. 3 Pty Ltd in relation to the affairs of Pact Group Holdings Limited (ASX:PGH).  Pact Group is currently the subject of a takeover offer by Bennamon Industries Pty Ltd, a wholly owned subsidiary of Kin Group Pty Ltd.

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

Ignite Limited

Introduction

  1. The Panel, Timothy Longstaff, Philippa Stone (sitting President) and Erin Tinker, declined to conduct proceedings on an application by Ignite Limited in relation to its affairs.

Southern Cross Media Group Limited 02R & 03R

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Introduction

  1. The Panel, Bruce Cowley, Richard Hunt (sitting President) and John McGlue affirmed the initial Panel’s decision to make a declaration of unacceptable circumstances1 in relation to the acquisition of 6.83% of the shares of Southern Cross Media Group Limited (Southern Cross) in contravention of section 606.2 The Panel set aside the orders made by the initial Panel, which included vesting Southern Cross

Tempus Resources Limited 02R

Introduction

  1. The review Panel, Alex Cartel (sitting President), Teresa Dyson and Diana Nicholson declined to conduct proceedings on an application by Mr Matthew Bull to review the decision of the initial Panel to decline to conduct proceedings in Tempus Resources Limited.1 The Panel considered that there was no reasonable prospect that it would declare the circumstances unacceptable.
  2. In these reasons, the following definitions apply.
    AGM
    Tempus’s annual general meeting held on
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