Takeovers Panel Orders DGR Share Sales, Disclosure And Board Changes
Closing price · 2026-10-27: $0.032 · +0.00%
The Takeovers Panel has issued final orders after finding unacceptable circumstances around May share purchases, including that associated parties’ combined voting power rose from 36.65% to 45.43% and required disclosures were not made. The orders require corrective disclosure, vest certain shares for sale, cancel a share-funding arrangement, and require DGR to appoint an independent director and establish an independent board committee.