Keybridge Capital Limited 06 - Acting President Makes Interim Orders

The Acting President of the Panel has made interim orders1 in response to an application for interim orders dated 10 March 2020 by Keybridge Capital Limited in relation to its affairs.  Keybridge has also undertaken to make an application to the Panel in relation to its affairs.  The Panel will issue a media release detailing that application once it is received.

Accelerate Resources Limited - Panel Receives Application

The Panel has received an application from GTT Global Opportunities Pty Ltd1 in relation to the affairs of Accelerate Resources Limited. 

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.

Smoke Alarms Holdings Limited 02R

Introduction

  1. The review Panel, Teresa Dyson, Denise McComish and John Sheahan QC (sitting President), affirmed the initial Panel’s decision to make a declaration of unacceptable circumstances in relation to the affairs of Smoke Alarms Holdings Limited1 and accepted undertakings from Fast Future Pty Ltd as trustee for the Fast Future Trust, SAH and Mr Randall Deer (a director of SAH, a beneficiary of the Fast Future Trust and the controller of Fast Future).

Energy Resources of Australia Limited 02R

Introduction

  1. The review Panel, Jeremy Leibler, Bruce McLennan and Karen Phin (sitting President), affirmed the initial Panel’s decision to make a declaration of unacceptable circumstances in relation to the affairs of Energy Resources of Australia Limited1 and varied the initial Panel’s final orders. The review Panel was satisfied that orders prohibiting Rio Tinto from compulsorily acquiring shares in ERA as a consequence of ERA’s entitlement offer would be unfairly prejudicial to Rio Tinto and removed those orders.

Cromwell Property Group

Introduction

  1. The Panel, Richard Hunt (sitting President), Rory Moriarty and Sharon Warburton, declined to conduct proceedings on an application by Cromwell Corporation Limited and Cromwell Property Securities Limited as responsible entity for the Cromwell Diversified Property Trust in relation to the affairs of Cromwell.  The application concerned whether a number of persons were associated in relation to Cromwell and held a combined, but undisclosed, relevant interest and voting power of up to 35.85% in Cromwell, consequently leading to breaches of the substantial holder not
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