Keybridge Capital Limited (ASX:KBC) Applications Declined by Takeovers Panel
Takeovers Panel Decision
The Takeovers Panel has declined to conduct proceedings on two applications from Keybridge Capital Limited (ASX:KBC) regarding its affairs and Benjamin Hornigold Ltd (ASX:BHD). The decision relates to an upcoming general meeting where resolutions to replace the Keybridge board are to be considered.
Applications Details
The applications alleged associations and contraventions of section 606 involving WAM Active Limited, Mr Geoff Wilson, Mr Sulieman Ravell, and Mr Michael Glennon. The Panel found insufficient evidence of these associations affecting Keybridge or BHD and considered potential contraventions unlikely to lead to a declaration of unacceptable circumstances.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.