ABM Resources NL 01R - Review Panel Decision
The review Panel has affirmed the decision of the initial Panel in ABM Resources NL (see TP16/19). In that matter, the Panel concluded that ABM's 3 for 5 non-renounceable rights issue was unacceptable because (among other things) all reasonable steps to minimise the likely control effect of the rights issue had not been taken. The initial Panel made an order that ABM must not proceed with the rights issue.
On 11 April 2016 ABM sought a review of the initial Panel's decision (see TP16/21).