Cygnus Metals Limited

The Panel, Chelsey Drake, Sylvia Falzon AM and Bruce McLennan (sitting President), declined to conduct proceedings on an application by Foboce Pty Ltd and Natalie Obrart in relation to the affairs of Cygnus Metals Limited. The application concerned the proposed acquisition of all ordinary shares in Cygnus by Central Asia Metals PLC under a scheme of arrangement and allegations of undisclosed insider participation, anticompetitive deal protection, and material market information deficiency. The Panel considered that there was no reasonable prospect that it would declare the circumstances unacceptable. Announcement the announcement regarding the Scheme dated 2 June 2026 Applicants Foboce Pty Ltd (ACN 003 538 707) and Natalie Obrart Call Option has the meaning given in paragraph 12(c) CAML Central Asia Metals PLC Cygnus Cygnus Metals Limited Equinox Partners Equinox Partners Investment Management LLC Intention Statements statements described in the Announcement that shareholders (including OP Holdings, Equinox Partners and their respective associates) which together currently own and/or control votes in relation to 29% of Cygnus shares intend to vote all Cygnus shares the...