Federal Court Approves Scheme Meeting to Acquire OVH shares by Iress Limited | ASX Market Update

September 05, 2020 03:00 AM AEST | By Team Kalkine Media

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OneVue Holdings Limited (ASX:OVH) announced that the Federal Court of Australia made orders organizing a meeting of OneVue shareholders to consider and vote on the proposal to acquire of 100% shares in OneVue by Iress Limited (ASX:IRE) via scheme of arrangement. The scheme of arrangement meeting would take place virtually on 09 October 2020.

ASIC has commenced proceedings for a civil penalty in the Federal Court of Australia against Dixon Advisory and Superannuation Services Limited, a subsidiary of ASX-listed Evans Dixon Limited (ASX:ED1). ASIC claimed that, in offering the appropriate advice, Dixon Advisory representatives ought to have understood that there was a dispute between their clients’ interests and the interests of entities related with Dixon Advisory within the Evans Dixon. ASIC said that they failed to provide priority to the clients’ interests. The regulator claimed that representatives of Dixon Advisory failed to act in the best interests of their clients as well as to provide useful advice to the circumstances of clients.

PointsBet Holdings Limited (ASX:PBH) has successfully completed a placement to institutional investors. The company raised A$200 million via the placement at A$11 per share. The placement received immense support by Australian as well as international existing and new institutional shareholders.

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