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Takeovers Panel takeovers.gov.au

Adslot Ltd

Imported from official source

Announcement

Decline to conduct proceedings – association – off-market transfer – substantial holding disclosure – efficient, competitive and informed market

Corporations Act 2001 (Cth), sections 606, 608 and 671B

Auris Minerals Limited [2018] ATP 7, Mount Gibson Iron Limited [2008] ATP 4

  • The Panel, Bruce Cowley (sitting President), Joseph Fayyad and Justin Harris declined to conduct proceedings on an application by Mr Andrew Barlow in relation to the affairs of Adslot. The application concerned an off‑market transfer of approximately 12.24% of Adslot shares that was alleged to give rise to an undisclosed association between certain shareholders and was alleged to occur in a market that was not efficient, competitive and informed. The Panel considered that there was no reasonable prospect that it would declare the circumstances unacceptable.
    • Adslot Adslot Ltd (ASX:ADS) Off‑Market
    Transfer has the meaning given in paragraph 5 Penstock has the meaning given in paragraph 5 PPM has the meaning given in paragraph 4 Relevant Shares has the meaning given in paragraph 5
  • Mr Andrew Dyer is the Executive Chairman of Adslot and has voting power of approximately 9.16% in Adslot. Mr Dyer is also a director of Private Portfolio Managers Pty Limited (PPM).
  • On 29 June 2026, 723,878,279 Adslot shares (the Relevant Shares), representing 12.24% of the total number of Adslot ordinary shares on issue, were transferred off market from PPM to Penstock Consulting Pty Ltd (Penstock) for total consideration of $723.87 (Off‑Market Transfer). The market value of the Relevant Shares (based on the last traded price on the ASX of $0.001) was approximately $723,870.

    • This is an extract. The publication continues at the source.

    Read the original at the source: https://takeovers.gov.au/reasons-decisions/2026-atp-14

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    October 03, 2026 20:43
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