PERTH (miningweekly.com) – ASX- and JSE-listed project management and operations group DRA Global and some of its directors have been ordered to pay a combined A$76 299.90 plus tax by the Australian Takeovers Panel.
The Takeovers Panel last month declared unacceptable circumstances around the actions of certain DRA management and board members.
In its declaration, the Takeover Panel pointed out conduct of senior executives Alistair Hodgkinson, Darren Naylor and James Smith, and former executive Brian Dowding, in planning operational changes to the DRA management and board composition, which included removing MD and CEO Andrew Naude and chairperson Peter Mansell.
The Takeovers Panel on Thursday ordered DRA to pay A$38 114.95 to applicant Haydn von Maltitz, while Hodgkinson, Naylor, Smith and Dowding have been ordered to pay A$9 528.74 each.