Energy Resources of Australia Limited 02R - Review Panel Decision
The review Panel has affirmed the decision of the initial Panel to make a declaration of unacceptable circumstances in Energy Resources of Australia Limited (Annexure A) and varied the initial Panel’s orders (Annexure B).
The review Panel was satisfied that orders prohibiting Rio Tinto1 from compulsorily acquiring shares in Energy Resources of Australia Limited (ERA) as a consequence of ERA’s entitlement offer would be unfairly prejudicial to Rio Tinto and therefore removed those orders.