Zenith takeover faces fresh Panel challenge over Aurenne funding and director rights

• Takeovers Panel application lodged by Zenith substantial holder Ida Metal Investments
• Aurenne’s non-binding $5 million funding proposal was rejected as not a Superior Proposal
• Applicant alleges inadequate assessment and potential conflicts involving 22 million director performance rights
• Interim orders sought to pause bid acceptances, rights vesting and enforcement of no-talk restrictions