Ann: Court of appeal confirms directors and ends administration, page-2

The dirt digging internally begins under new management?
Same time external bid for the company to get hands back on cash and asset? Who has better advice, who has more influence over shareholders .
Strategy 1 So you make a lowball bid and accept ( your own arms length) the offer with your own shares literally transferring your holding into YOW further diluting other minority holders to get to a position of compulsory acquisition? Yow is stilled owed the loan $ and $ is the value not any KBC asset. Not having to deal in market with your holding that is locket in KBC with no buyers other than funds related to new management ? KBC then have to return loan $ and to do so sell KBC asset as a fire sale and guess who but old KBC and YOW related parties would be the only bidders who understand them?

Bold move and I probably have it all wrong so all wild guesses but interested to see what plays out

Going to burn cash and time


announcement
ASX Announcement ASX: KBCFriday, 9 May 2025Court of appeal confirms Keybridge directors replaced andadministration has ended, change of registered officeKeybridge Capital Limited (ASX: KBC)

(Keybridge) announces that on 8 May 2025 the SupremeCourt of New South Wales Court of Appeal dismissed Mr Nicholas Bolton’s appeal against theCourt’s decision in NSW Supreme Court Proceedings No. 2025/54507 and ordered Mr Bolton topay the respondents’ costs of the appeal.

As Mr Bolton’s appeal was unsuccessful, it failed to overturn the Court’s:
• declaration that following the general meeting of Keybridge held on 10 February 2025,the directors of Keybridge were Mr Antony Catalano, Mr Geoff Wilson AO, Mr JesseHamilton, Mr Martyn McCathie and Mr Sulieman Ravell; and
• order that the administration of Keybridge end with immediate effect (noting that thisorder had been stayed pending the hearing of the appeal).

Keybridge is no longer under external administration.Mr Bolton’s executive roles at the Company have been suspended pending an internalinvestigation.
Mr John Patton has been removed as company secretary.
Mr Hamilton has been appointed ascompany secretary and, for the purposes of ASX Listing Rule 12.6, is the person responsible forcommunications with ASX.

Change of registered officeIn accordance with ASX Listing Rule 3.15.1, Keybridge advises that effective today, theregistered office of the Company has changed to:C/- Wilson Asset ManagementLevel 26, Governor Philip Tower1 Farrer PlaceSydney NSW 2000This announcement has been authorised for release by the Keybridge Board of Directors.