Latest Australian Securities And Investments Commission News

Noumi has secured court approval to put Arrovest’s proposed takeover and option cancellation schemes to shareholders and optionholders. The next significant disclosure is the scheme booklet, including the independent expert’s report.

The Supreme Court of New South Wales has approved the shareholder meeting for I Squared Capital’s proposed acquisition of oOh!media at $1.68 per share. An independent expert says the offer falls within its assessed valuation range, but shareholders must still approve the scheme before completion.

Netwealth says two subsidiaries have been served with a class action linked to First Guardian investment options offered through its superannuation master fund. The claim follows a $101 million compensation program completed in January, but the announcement does not disclose the new action’s potential cost.

oOh!media and I Squared Capital have revised the definition of 'Superior Proposal' in their takeover agreement, setting a 3% premium threshold for competing bids within a four-week window from the scheme date.

European Lithium has lodged the Scheme Booklet with ASIC for its proposed merger with Critical Metals Corp, advancing the regulatory process with a court hearing scheduled for mid-September.

Loyal Metals Limited’s acquisition by PT Bumi Resources TBK has reached a key milestone with court approval now official, triggering suspension of Loyal shares on the ASX and setting the stage for scheme consideration payments in early September.

The Takeovers Panel has opted not to pursue proceedings over allegations of undisclosed share ownership and associations in GWR Group, referring unresolved concerns to ASIC for further scrutiny.

Loyal Metals has secured court approval for its acquisition by PT Bumi Resources, setting the stage for trading suspension and scheme implementation in early September.

Fiducian Group posted solid underlying earnings growth in FY2026, boosted by a 7% rise in funds under management, advice and administration, while absorbing a one-off $7.95 million ASIC penalty that halved statutory profits.

James Hardie Industries has been hit with a new class action in Victoria alleging breaches related to forward-looking financial statements made between May and August 2025. The company denies any wrongdoing and plans to defend vigorously.

Cygnus Metals has cleared a key legal hurdle with the WA Supreme Court approving a shareholder meeting to vote on Central Asia Metals' acquisition proposal. The Scheme Booklet, including an Independent Expert’s Report, will be dispatched next week ahead of the September meeting.

Fiducian Group's subsidiary Fiducian Investment Management Services Limited has settled ASIC civil proceedings with a $7.3 million penalty plus $650,000 in costs, approved by the NSW Supreme Court.