Takeovers Panel to Consider Application by Humm Group's Former Chair
Humm Group (ASX:HUM) said that Australia's Takeovers Panel made interim orders staying the orders made by the initial Panel after receiving an application from Andrew Abercrombie, the firm's founder and former Chair, seeking a review of the Panel's decision to make orders in Humm Group, according to a Monday Australian bourse filing.The application will be heard by the same review panel that is considering Abercrombie's application for a review of the initial Panel's decision to make a declaration of unacceptable circumstances in relation to an application by Akat Investments.The orders made by the initial Panel will not take effect until the earliest of either further order of the review Panel, the determination of the proceedings, or two months passing from the date of the interim orders.Its shares rose 1% in recent trading on Tuesday.