Molopo Energy Limited 10 & 11 - Panel Lifts Interim Orders [27/06/2018] The Takeovers Panel

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TP18/45
Wednesday, 27 June 2018

Molopo Energy Limited 10 & 11 - Panel Lifts Interim Orders

On 18 May 2018, the Panel made interim orders (see TP18/35) in response to an application for an interim order dated 18 May 2018 by Aurora Funds Management Ltd in its capacity as responsible entity of the Aurora Fortitude Absolute Return Fund (Aurora) in relation to the affairs of Molopo Energy Limited (Molopo).

The Panel varied those interim orders on 30 May 2018 (see TP18/38) in response to a further request for an interim order dated 28 May 2018 by Aurora.

On 22 June 2018, Molopo requested that the interim orders be lifted following the change in the composition of the board of directors of Molopo.  No parties to the proceedings objected to that request.

The Panel agreed to lift the interim orders.  A copy of a variation of interim orders is attached amending the period for which the interim orders have effect until 6:00pm (Melbourne time) today 27 June 2018.

Allan Bulman
Director, Takeovers Panel
Level 10, 63 Exhibition Street
Melbourne VIC 3000
Ph: +61 3 9655 3500
takeovers@takeovers.gov.au


Annexure A

CORPORATIONS ACT
SECTION 657E
SECOND VARIATION OF INTERIM ORDERS

Molopo Energy Limited 10 & 11

The interim orders made on 18 May 2018 in this matter, as varied on 30 May 2018, are further varied by amending paragraph 3 to read:

"These interim orders have effect until 6:00pm (Melbourne time) on Wednesday, 27 June 2018."

Allan Bulman
Director
with authority of Christian Johnston
President of the sitting Panel
Dated 27 June 2018