The Takeovers Panel notes the announcement by the Minister for Revenue and Financial Services of the reappointment of Mr Robert McKenzie and the appointment of Ms Tara Page to the Panel, for terms finishing on 22 March 2020.
The Panel, Karen Evans-Cullen, Peter Hay (sitting President) and Denise McComish, declined to conduct proceedings on an application by Molopo Energy Limitedin relation to its affairs. The application concerned an announcement by Aurora Funds Management Limited as responsible entity of the Aurora Fortitude Absolute Return Fund that it intended to make a new off-market takeover bid for 100% of the ordinary shares in Molopo Energy Limited.
The Panel, Ron Malek (sitting President), Robert McKenzie and Diana Nicholson, declined to conduct proceedings on an application by NEXTDC Limited in relation to the affairs of Asia Pacific Data Centre Group. Asia Pacific Data Centre Group was the subject of an off-market takeover bid by 360 Capital FM Limited (in its capacity as trustee for the 360 Capital Diversified Property Fund) for all stapled securities in Asia Pacific Data Centre Group that it did not own. The application concerned, amongst other things, whether disclosure in the bidder's st
The Panel has declined to conduct proceedings on an application dated 9 October 2017 from NEXTDC Limited in relation to the affairs of Asia Pacific Data Centre Group.
The Panel, Yasmin Allen, Richard Hunt (sitting President) and Rebecca Maslen-Stannage, declined to conduct proceedings on an application by Aurora Funds Management Limited as responsible entity of the Aurora Property Buy-Write Income Trust in relation to the affairs of RNY Property Trust. RNY was the subject of an off-market takeover bid by Aurora.
The Panel President has accepted undertakings from Yancoal Australia Limited in relation to the applications by (i) Senrigan Capital Management Ltd and Mr Taylor dated 8 August 2017 and (ii) Mt Vincent Holdings Pty Ltd and Osendo Pty Ltd (Noble Group) dated 9 August 2017.