Emu NL 03 – Declaration of Unacceptable Circumstances
The Panel has made a declaration of unacceptable circumstances (Annexure A) in relation to an application dated 16 May 2025 by Wayburn Holdings Pty Ltd in relation to the affairs of Emu NL (see TP25/33).
Background
Emu is an ASX‑listed company (ASX code: EMU). On 23 January 2025, Emu received a section 249D notice from a group of shareholders (Requisitioning Shareholders) seeking to convene a general meeting to consider resolutions to: