ABM Resources NL
Introduction
- The Panel1 made a declaration of unacceptable circumstances in relation to the affairs of ABM Resources NL. The application concerned a non-renounceable rights issue.
ABM Resources NL - Panel Publishes Reasons
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).
Investa Office Fund - Panel Publishes Reasons
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.
Investa Office Fund
Introduction
- The Panel, Peter Day, Lee Dewhirst and Andrew Lumsden (sitting President), on an application on behalf of DEXUS Property Group made a declaration of unacceptable circumstances in relation to the affairs of Investa Office Fund. The application concerned issues of conflict management by the manager of IOF, voting by Morgan Stanley of units held in IOF, disclosure deficiencies in a document (the IOMH Document) issued by the holding company of IOF's responsible entity and manager, and incomplete substantial holder disclosure.
Gulf Alumina Limited
- The Panel, Richard Hunt (sitting President), Andrew Lumsden and Karen Phin, made a declaration of unacceptable circumstances in relation to the affairs of Gulf Alumina Limited. The application concerned an off-market scrip takeover offer by Metro Mining Limited for Gulf. The Panel considered that a letter to shareholders from Gulf and Gulf's target statement contained insufficient and misleading information regarding (among other things) the value of Gulf and shareholder intention statements.
Gulf Alumina Limited - Panel Publishes Reasons
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.
Gulf Alumina Limited - Variation of Order
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).
ABM Resources NL 01R - Panel Receives Review Application
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.
ABM Resources NL - Declaration of Unacceptable Circumstances and Order
The Panel has made a declaration of unacceptable circumstances (Annexure A) and final order (Annexure B) in relation to an application dated 10 March 2016 by APAC Resources Capital Ltd in relation to the affairs of ABM Resources NL (see TP16/14).
Background
On 9 March 2016, ABM announced:
Investa Office Fund - Panel Decision
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.