The Takeovers Panel has received an application from Mr. Nicholas Bolton seeking a review of the Panel’s decision in Keybridge Capital Limited 20, previously announced under reference TP25/057. This development follows an earlier ruling by the Panel concerning Keybridge Capital. Keybridge Capital Limited (ASX: KBC) is an investment and financial services company that focuses on listed and unlisted securities. The company actively manages a portfolio of investments across various sectors.
The Acting President of the Panel has consented to the application for review under section 657EA(2) of the Corporations Act 2001 (Cth), signalling the commencement of the review process. This consent allows for a reassessment of the initial decision based on the arguments presented in the review application. However, it’s important to note that the review process is still in its early stages.
As of this announcement, a review Panel has not been appointed, and no determination has been made regarding whether to conduct formal proceedings. The Takeovers Panel has explicitly stated that it will refrain from commenting on the merits of the application at this stage. The decision to proceed with or dismiss the review application will be made following further consideration.
Further updates will be provided as the review process progresses. The announcement was made by Allan Bulman, Chief Executive of the Takeovers Panel, with contact information provided for further inquiries.
