HHY Fund – Trading Halt

February 25th, 2020

In accordance with the requirements of LR17.1, Aurora Funds Management Limited (Aurora) as the responsible entity of HHY Fund (ARSN 112 579 129) (HHY), requests the trading halt
of HHY units for two business days.

The reason that Aurora requests the trading halt is to allow for HHY to conduct an “accelerated non-renounceable entitlement offer”. This offer invites unitholders to participate in a 1-for-1 pro-rata accelerated non-renounceable entitlement offer of new fully paid ordinary units in HHY (New Units) at an offer price of $0.04 (Offer Price) per New Unit to raise approximately $3.25 million (Entitlement Offer). The Entitlement Offer comprises an institutional component (Institutional Entitlement Offer) and a retail component (Retail Entitlement Offer), to be announced on 25
February 2020.

The trading halt is requested to commence on 25 February 2020, until the earlier of Aurora making an announcement to ASX concerning the above matters and the commencement of trading on 27 February 2020.

Aurora is not aware of any reason why the trading halt should not be granted.

The Entitlement Offer Booklet will also be made available to ASX as and when required.

Lodgement of Bidders Statement for Keybridge Capital and Notice of Register Date

February 11th, 2020

Aurora Funds Management Limited (Aurora), as responsible entity for the Aurora Dividend Income Trust (ADIT), refers to the 8 January 2020 ASX Announcement of its intention to make a conditional off-market  takeover bid for all of the fully paid ordinary shares in Keybridge Capital Limited (ASX: KBC) (Keybridge) for a consideration of 6.6 cents per ordinary share (the Bid).

Aurora confirms that its Bidder’s Statement has been lodged with ASIC and served on Keybridge today in the form attached to this announcement.

Aurora also notifies ASX that it has set the “Register Date” as 10 February 2020, for the purposes of sections 633(2) and 633(3) of the of the Corporations Act 2001(C’th).

Read more here.

Appointment of New Chief Financial Officer and Company Secretary

January 8th, 2020

Aurora Funds Management Limited announces that Mr Adrian Tilley has resigned as Chief Financial Officer and Company Secretary to take up a role in his family business in his regional hometown of South Gippsland, Victoria. The Board acknowledges the substantial contribution made by Mr Tilley during his tenure with Aurora and sincerely wishes him all the very best in his future endeavours.

Aurora is pleased to announce that Mr Mark Briglia has been appointed to the role of Chief Financial Officer and Company Secretary. Mr Briglia’s most recent role was as Chief Financial Officer and Group Manager, Australian Energy Market Operator. Mr Briglia has deep industry experience across a number of sectors at the executive level both in Australia and internationally. In addition, he is a Certified Practicing Accountant and holds a Master of Business Administration and a Bachelor of Commerce (University of Melbourne).

Mark will also replace Adrian Tilley as the internal member of Aurora’s Compliance Committee.

Voting Results of the HHY Fund General Meeting

September 12th, 2019

Aurora Funds Management Limited (Aurora), in its capacity as responsible entity for the HHY Fund, hereby advises that the resolution proposed by Wilson Asset Management (International) Pty Ltd (WAMI) and its related entities, to remove Aurora as the responsible entity of the HHY Fund, was not passed at today’s meeting of unitholders.

Read more here.

 

HHY Notice of Meeting

August 19th, 2019

Aurora Funds Management Limited (Aurora), in its capacity as the responsible entity of the HHY Fund (ARSN 112 579 129) (HHY), today lodges a Notice of Meeting convening a meeting of HHY Unitholders (Meeting).

The Meeting will take place as follows:

Date: Thursday, 12 September 2019
Time: 10:30 am registration – 11:00 am meeting commences

Venue: at the roof top meeting room (level 7), 370 St Kilda Road, Melbourne VIC 3004.

The Meeting is being called at the request of WAM Capital Limited, WAM Active Limited and Botanical Nominees Pty Limited as trustee for the Wilson Asset Management Equity Fund (WAM). Unitholders should be aware that the proposed meeting and resolutions have not been proposed or endorsed by Aurora.

The Board of Aurora has prepared, and includes with this Notice of Meeting, a detailed Explanatory Memorandum to assist HHY Unitholders in forming a decision on how to vote on the proposed resolutions.

If you have any queries do not hesitate to contact Mr Adrian Tilley by telephone +61 411 886 626 or by email (adrian@aurorafunds.com.au).

Read more here.

Termination of Investment Management Agreement with Keybridge Capital Limited

July 19th, 2019

Aurora Funds Management Limited (“Aurora”), in its capacity as responsible entity of HHY Fund (“HHY” or “Fund”) refers to its 11 July 2019 announcement of the termination of its Investment Management Agreement with Keybridge Capital Limited dated 30 June 2016 (“Investment Management Agreement”).

The notice period of 5 Business Days under the Investment Management Agreement has now elapsed, and Keybridge Capital Limited is no longer the investment manager of HHY.

HHY Fund (ASX:HHY) – Termination of Investment Management Agreement with Keybridge Capital Limited

July 12th, 2019

Aurora Funds Management Limited (“Aurora”), in its capacity as responsible entity of HHY Fund (“HHY or Fund”), has today notified Keybridge Capital Limited, providing 5 Business Days’ notice, of the termination of its Investment Management Agreement dated 30 June 2016, in relation to HHY.  Aurora, as responsible entity, will assume the investment management responsibilities and duties for the Fund.  Aurora will not charge a management fee, resulting in a reduction in expenses for the Fund.

Off-market takeover bid for Yowie Group Limited

July 11th, 2019

Aurora Funds Management Limited as responsible entity of the Aurora Dividend Income Trust (ADIT) refers to its 5 July 2019 ASX Announcement of the Bidder’s Statement for an all scrip takeover bid for 100% of the fully paid ordinary shares in Yowie Group Limited (YOW) for a consideration of $0.09 per share (the Bid).

Read more here.

Off-market takeover bid for Yowie Group Limited

July 5th, 2019

Aurora Funds Management Limited as responsible entity of the Aurora Dividend Income Trust (ADIT) refers to its 20 May 2019 ASX Announcement of its intention to make an all scrip takeover bid for 100% of the fully paid ordinary shares in Yowie Group Limited (YOW) for a consideration of $0.09 per share (the Bid).

In accordance with step 5 in the table in section 633(1) of the Corporations Act 2001 (Cth), please find attached a copy of the bidder’s statement made by ADIT in relation to its Bid for all of the ordinary shares in Yowie which are not owned by or on behalf of the bidder.

A copy of the bidder’s statement has been lodged with the Australian Securities and Investments Commission and sent to YOW today.

Read more here.

ABW Update on NSW Supreme Court Proceedings – Aurora Successful

May 30th, 2019

Aurora Funds Management Limited (Aurora), in its capacity as the responsible entity of the Aurora Absolute Return Fund (ABW or Fund), provides the following update concerning the NSW Supreme Court proceedings commenced by Aurora in order to resolve the confusion as to the identity of the responsible entity of the Fund, caused by the conduct of Primary Securities Limited (Primary) in calling and holding the purported meeting of 15 January 2019.

This afternoon, Her Honour Justice Rees delivered her Judgment. Her Honour found that Aurora was not properly removed, and Primary not properly appointed, as the responsible entity of ABW. Amongst the reasons given, Her Honour noted that the members who purported to call the meeting of 15 January 2019 had not been identified as required by the Corporations Act and that 25% of the unit holders in ABW had not received adequate notice of the meeting.

Her Honour made Orders, which have been stayed for seven (7) days, to allow Primary to consider whether to appeal: 1. declaring that the meeting of the Fund on 15 January 2019 was invalid, as were the resolutions passed at that meeting, and that Primary is not and never has been the responsible entity of ABW; 2. requiring ASIC to rectify its record of registration, so that Aurora is reinstated as responsible entity of ABW; and 3. requiring Primary to pay Aurora’s costs.

Aurora will update unit holders and the market once the period of the stay on Her Honour’s Orders has expired.

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