KBC keybridge capital limited

Ann: Results of Meeting, page-2

  1. 10,093 Posts.
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    None of the motions proposed by ASG were carried to remove KBC directors .

    all IMO but pending any challenges etc etc that locks in current directors so they may be able to start trying to release value to all shareholders and fix anything that needs fixing. I expect a lot of $ have been spent and will be spent on lawyers over along period going forward unfortunately. What comes later with ASIC will be interesting as it takes forever should it get involved. I think new directors , auditors etc all will have obligations to report any things they believe were done incorrectly in the past. Going to be very hard to value this stock as no idea what legal outgoings will be nor if the YOW business can create value as well. Can't value YOW either as no idea with unsecured loans what decisions current directors of both companies will make in regards to them so not sure where the cash will end up nor what could be challenged. .

    Await the next twist and turn from lawyers but there is a possible pathway now


    Interesting footnote about shareholder who did not have votes counted

    " A further 10,318,026 shares representing 4.79% of the Company’s issued capital were received after the close of voting per the Notice of Meeting. This information has been provided in order to provide full transparency toshareholders. Notably, there would be no impact on the outcome of the resolutions at the meeting if the invalid proxies were included in the votes cast"
 
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