DRA Global Limited - Costs Order [02/06/2022] The Takeovers Panel

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TP22/45
Thursday, 2 June 2022

DRA Global Limited – Costs Order

The Panel has made orders (Annexure A) requiring DRA Global Limited, Alistair Hodgkinson, Darren Naylor, James Smith and Brian Dowding to pay the fair and reasonable costs incurred by the applicant, Haydn von Maltitz, in connection with the proceedings in DRA Global Limited (see TP22/39 and TP22/41).

The sitting Panel was Kelvin Barry, Jeremy Leibler (sitting President) and Tara Page.

The Panel will publish its reasons for the decision in due course on its website.

Allan Bulman
Chief Executive, Takeovers Panel
Level 16, 530 Collins Street
Melbourne VIC 3000
Ph: +61 3 9655 3500
takeovers@takeovers.gov.au


Annexure A

CORPORATIONS ACT
SECTION 657D
ORDER

DRA GLOBAL LIMITED

The Panel made a declaration of unacceptable circumstances on 9 May 2022 and final orders on 16 May 2022.

Pursuant to section 657D(2)(d) of the Corporations Act 2001 (Cth)

THE PANEL ORDERS

  1. Within 30 days of the date of this order, DRA and the Associates must pay to the applicant, Haydn von Maltitz, $76,229.90 plus GST representing the fair and reasonable costs incurred by the applicant in connection with these proceedings through 26 May 2022, in the following proportions:
    1. DRA must pay to the applicant $38,114.95 plus GST and
    2. each Associate must pay to the applicant $9,528.74 plus GST.
  2. In this order, the following definitions apply:
    Associates
    Alistair Hodgkinson, Darren Naylor, James Smith and Brian Dowding
    DRA
    DRA Global Limited

Allan Bulman
Chief Executive
with authority of Jeremy Leibler
President of the sitting Panel
Dated 2 June 2022