Webster Limited - Panel Declines to Make Declaration

The Panel has declined to make a declaration of unacceptable circumstances in response to an application dated 28 June 2020 from Winpar Holdings Limited (Winpar) in relation to the affairs of Webster Limited (Webster). The application concerned whether Winpar had validly objected to Henslow Acquisitionco Pty Ltd’s (Henslow) proposed compulsory acquisition of Webster’s preference shares pursuant to Part 6A.21 (see TP20/38).