The Panel, John Fast, Robert Johanson and Norman O’Bryan (sitting President), made a declaration of unacceptable circumstances in relation to the affairs of NGM Resources Limited because Paladin’s purported reliance on defeating conditions 10.12(l) and 10.12(m) of its bid for NGM was not justified.

The Panel, Byron Koster, Mark Paganin (sitting President) and Nora Scheinkestel, declined to conduct proceedings on an application by Lenark Pty Limited in relation to the affairs of TheChairmen1 Pty Ltd and Guildford Coal Limited. The application concerned a proposed capital raising in C1 by way of placement and rights issue.

The Panel, Guy Alexander (sitting President), Sophie Mitchell and Andrew Sisson, declined to make a declaration of unacceptable circumstances in relation to the affairs of RHD following acceptance of undertakings to amend the SIA. The application concerned the proposed acquisition by Peoplebank of RHD by way of scheme of arrangement announced on 19 July 2010.