KBC (ASX) NSW Supreme Court Decision on 10 Feb 25 Meeting under 249F of the Act

Originally posted by Teddyward: ↑

Announcement over at YOW
Can't imagine KBC new management and WAM wanting any benefit flowing elsewhere that could be sucked out of another company possibly returning to "you know who" so not sure what will happen with loans .

some outtakes

7 April 2025
ASX Market Announcements
ASX Limited
20 Bridge Street
Sydney NSW 2000
MARKET UPDATE
Yowie Group Ltd (ASX: YOW) (the “Company” or “Yowie”) provides the following update in
accordance with ASX Listing Rule 3.1:
Forecast Revenue Reduction
Yowie has been advised by a major customer that, because of changes to store layout in
Yowie’s product category, Yowie will have materially fewer store facings effective
immediately.
Based on historic sales for those store facings, the change in store presence is expected to
result in up to US$1.9 million p.a. of lower revenues.

Keybridge Capital Ltd – Proposed DoCA
As previously announced, Yowie is a major creditor of Keybridge Capital Ltd (in
Administration) (Keybridge), with a debt approximating A$6.7 million. The Company has
been informed that a Deed of Company Arrangement has been proposed by Mr Nicholas
Bolton, under which Yowie would receive 100 cents in the dollar within 21 days of
implementation, subject to creditor approval. Separately, WAM Active Limited are proposing
to fund creditors of Keybridge by way of a loan, however details of which and the ability to
fund are uncertain.
Yowie will continue to assess the proposals and will update shareholders as further information
becomes available.

5. Board Appointments
To enhance governance, in particular in relation to resolving its recovery of a very material
debt from a related party, Keybridge, Yowie is pleased to announce the appointment of two
independent Non-Executive Directors, effective 1 April 2025.
Mr Diesel Schwarze
An award-winning advertising director with over 25 years’ experience working with prestigious
global brands including Chanel, Louis Vuitton, Sony, Honda, Microsoft and Macy’s. Mr
Schwarze brings exceptional brand storytelling and creative input aligned with Yowie’s
consumer-focused growth strategy.
Mr Daniel Agocs
Mr Agocs offers significant operational experience in logistics, manufacturing, and wholesale
sales. His input and experience come at an appropriate time as Yowie navigates
increasingly complex global supply chain challenges and looks to diversify its wholesale
reach.

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Bit more news over at YOW - no surprise in regards to WAM actions I would suggest

Keybridge Loan
Yowie previously announced on 10 February 2025 that it called in its loan facility with
Keybridge Capital Limited (in Administration) (“Keybridge”). Further, Yowie recently advised
that WAM Active Limited (“WAM”) were proposing to fund Keybridge, via a related party
loan arrangement, to enable the payment of Keybridge creditors. Yowie now understands
that the purported funding proposal has not been approved by the WAM Active Limited
board and, accordingly, is not available to Keybridge (or, as a result, Yowie) to rely upon.
Yowie will continue to monitor the situation and will update shareholders as further
information becomes available.
This announcement has been authorised for release by the Managing Director