The Panel has received an application from Lepidico Limited in relation to its affairs.  Lepidico was the subject of an off-market takeover bid by Lithium Australia NL. Lithium’s takeover bid closed on 19 June 2017.

The review Panel has made a declaration of unacceptable circumstances in relation to applications dated 1 June 2017 by Keybridge Capital Limited and Molopo Energy Limited seeking a review of the initial Panel’s decision in Molopo Energy Limited 01 & 02.

The fees payable for Panel applications are indexed each year from 1 July based on any increase in the Consumer Price Index, pursuant to the Corporations (Fees) Act 2001 (Cth) and Corporations (Fees) Regulations 2001 (Cth).

The Panel has consented to a request by the Australian Securities and Investments Commission to withdraw its application to the Panel dated 6 June 2017 in relation to the affairs of Lepidico Limited.

The Panel has accepted undertakings from Keybridge Capital Limited and Aurora Funds Management Limited in relation to the applications dated 1 June 2017 by each of Keybridge Capital Limited and Molopo Energy Limited seeking a review of the initial Panel’s decision in Molopo Energy Limited 01 & 02.

The Panel has received an application from Aurora Funds Management Limited seeking a review of the Panel’s decision on orders in Molopo Energy Limited 01 & 02.

The Panel made a declaration of unacceptable circumstances on 30 May 2017 in relation to applications dated 11 April 2017 by ASIC and Molopo Energy Limited regarding the affairs of Molopo.