Vintage Energy Limited (ASX: $VEN) has had the review Panel decline to conduct proceedings on an application from Keybridge Capital Limited seeking a review of the initial Panel's decision to decline to conduct proceedings in Vintage Energy Limited.
The review Panel considered that Vintage's equity raise could have limited effect on the control of Vintage and that Vintage has taken steps to mitigate the potential control effect of the equity raise including by incorporating a dispersion strategy. The review Panel concluded there was no reasonable prospect that it would make a declaration of unacceptable circumstances.
Vintage Energy Limited (ASX: $VEN) has seen the review Panel decline to conduct proceedings on the application from Keybridge Capital Limited. The review Panel found that Vintage's equity raise may have limited effect on the control of Vintage and that Vintage has taken steps to mitigate the potential control effect of the equity raise. The review Panel concluded there was no reasonable prospect that it would make a declaration of unacceptable circumstances.