TOV: DSE - Acting President Makes Interim Orders
Stock | Dropsuite Ltd (DSE.ASX) |
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Release Time | 20 Mar 2025, 9:45 a.m. |
Price Sensitive | Yes |
Acting President Makes Interim Orders for Dropsuite Ltd
- Interim orders issued in response to application by Harvest Lane Asset Management
- Orders prevent Topline Capital Management LLC and Topline Capital Partners LP from selling shares or decreasing voting power in Dropsuite
- Orders in effect until further order, determination of proceedings, or 2 months
The Acting President of the Takeovers Panel has made interim orders in response to an application dated 17 March 2025 by Harvest Lane Asset Management Pty Ltd in relation to the affairs of Dropsuite Limited (ASX: DSE). The interim orders provide that, without the prior consent of the Acting President or the Panel (once appointed), Topline Capital Management LLC, Topline Capital Partners LP and their associates must not: (i) sell, transfer or otherwise dispose of any shares or interests in shares in Dropsuite or (ii) decrease their voting power in Dropsuite. The interim orders have effect until the earliest of further order of the Acting President or the Panel (once appointed), determination of the proceedings or 2 months from the date of the interim orders.