Excelsior Capital Limited
Introduction
- The Panel, Kelvin Barry, Elizabeth Hallett (sitting President) and Kristen Jung declined to make a declaration of unacceptable circumstances in relation to the affairs of Excelsior Capital Limited.
Thorn Group Limited 01 & 02 - Costs Orders
The Panel has made orders (Annexure A) requiring Thorn to pay part of the costs of each of the applicants in Thorn Group Limited 01 & 02 (see TP20/88).
The sitting Panel was Robin Bishop (sitting President), John McGlue and Neil Pathak.
The Panel will publish its reasons for the decision in due course.
E&P Financial Group Limited - Panel Receives Application
The Panel has received an application from E&P Financial Group Limited in relation to its affairs (ASX: EP1).
Details of the application, as submitted by the applicant, are below.
A sitting Panel has not been appointed at this stage and no decision has been made whether to conduct proceedings. The Panel makes no comment on the merits of the application.
The Agency Group Australia Limited 01 & 02 - Panel Makes Interim Orders
The Panel has made interim orders in relation to applications dated 8 December 2020 by The Agency Group Australia Limited (Agency) and 16 December 2020 by Magnolia Equities III Pty Ltd (Magnolia), both in relation to the affairs of Agency.
The Agency Group Australia Limited 02 - Panel Receives Application
The Panel has received an application from Magnolia Equities III Pty Limited (Magnolia) in relation to the affairs of The Agency Group Australia Limited (AU1).
Details of the application, as submitted by the applicant, are below. Further background details are set out in the Panel’s media release relating to AU1’s application in The Agency Group Australia Limited (see TP20/85).
Thorn Group Limited 01 & 02 - Declaration of Unacceptable Circumstances and Orders
The Panel has made a declaration of unacceptable circumstances (Annexure A) and final orders (Annexure B) in relation to an application dated 14 October 2020 by Forager Funds Management Pty Ltd and an application dated 21 October 2020 by Vaspip 2 Pty Ltd, both in relation to the affairs of Thorn Group Limited (ASX: TGA)(see TP20/59 and TP20/60).
Background
The following facts are in summary form (see the declaration for more background).
Molopo Energy Limited 03R, 04R & 05R Variation
Introduction
- The Panel, Michelle Jablko (sitting President), Christian Johnston and Tara Page, varied the final orders made on 7 July 2017 by the sitting Panel in Molopo Energy Limited 03R, 04R & 05R.1 The variation stays the sale of the Molopo shares vested in ASIC under the orders until certain Court proceedings are resolved.
- In these reasons, the following definitions apply.
- Aurora
- Aurora Funds Management Ltd as responsible en
Cardinal Resources Limited 06R - Review Panel Declines to Conduct Proceedings
The review Panel has declined to conduct proceedings on an application dated 18 November 2020 from Cardinal Resources Limited in relation to its affairs. The application sought a review of the initial Panel’s decision to decline to conduct proceedings in relation to Cardinal Resources Limited 03 & 04 (see TP20/76).
The Agency Group Australia Limited - Panel Receives Application
The Panel has received an application from The Agency Group Australia Limited in relation to its affairs (ASX: AU1).
Details of the application, as submitted by the applicant, are below.
A sitting Panel has not been appointed at this stage and no decision has been made whether to conduct proceedings. The Panel makes no comment on the merits of the application.
Cardinal Resources Limited 07
Introduction
- The Panel, Jeremy Leibler, Karen Phin (sitting President) and Sarah Rennie, declined to conduct proceedings on an application by Cardinal Resources Limited in relation to its affairs. The application concerned (among other things) whether certain statements made in an announcement by Nord Gold S.E.