The review Panel has affirmed the decision of the initial Panel in ABM Resources NL (see TP16/19).  In that matter, the Panel concluded that ABM's 3 for 5 non-renounceable rights issue was unacceptable because (among other things) all reasonable steps to minimise the likely control effect of the rights issue had not been taken.  The initial Panel made an order that ABM must not proceed with the rights issue.

On 11 April 2016 ABM sought a review of the initial Panel's decision (see TP16/21).

The Panel today published the reasons for its decision on an application dated 10 March 2016 from APAC Resources Capital Management Limited in relation to the affairs of ABM Resources NL.

Details of the Panel's decision can be found at TP16/19.

The Panel's reasons for its decisions are on the Panel's website.

The sitting Panel was Byron Koster, Denise McComish and Vickki McFadden (President).

The Panel today published the reasons for its decision on an application dated 21 March 2016 from DEXUS Funds Management Limited¹ in relation to the affairs of Investa Office Fund.²

Details of the Panel's decision can be found at TP16/20.

The Panel's reasons for its decisions are on the Panel's website.

The Panel today published the reasons for its decision on an application dated 15 February 2016 from Metro Mining Limited in relation to the affairs of Gulf Alumina Limited.

Details of the Panel's decision can be found at TP16/15.

The Panel's reasons for its decisions are on the Panel's website.

The sitting Panel was Richard Hunt (sitting President), Andrew Lumsden and Karen Phin.

The Panel made a declaration of unacceptable circumstances and final orders on 11 March 2016 regarding an application dated 15 February 2016 from Metro Mining Limited in relation to the affairs of Gulf Alumina Limited (see TP16/08 and TP16/15). The Panel's orders were varied on 21 March 2016 (see TP16/16) and 1 April 2016 (see TP 16/18).

The Panel has received an application from ABM Resources NL seeking a review of the Panel's decision in ABM Resources NL (see TP16/19).

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.

The Panel has made a declaration of unacceptable circumstances (Annexure A) and final orders (Annexure B) on an application dated 21 March 2016 in relation to the affairs of Investa Office Fund (IOF).¹

The application, by the responsible entity for DEXUS Property Group, arose out of the DEXUS proposal by trust scheme to acquire all the units in IOF.