keybridge answers shareholders questions

Keybridge Capital Limited (KBC) has assured the market that it had no minimum market capitalisation requirements in its debt facilities. The diversified financials company also said its share trading policy prohibited its directors from providing security for borrowings.
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In a release to the market, Keybridge said it had recently received a significant number of enquiries from investors.

The company said that investors had been asking whether its debt facilities were subject to minimum market capitalization requirements and whether its directors are subject to margin lending arrangements.

Keybridge said in its half-year profit announcement of 14 February 2008 that its investment portfolio was well diversified by asset class, counterparty, location and maturity with an average investment size of $13 million, and announced an 80% increase in net profit after tax on the previous half year to $7.16 million.

The company had also confirmed its full year NPAT guidance of at least $20 million, in line with previous estimates.

Keybridge said that it would release a quarterly investment update in early April 2008.