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BRIEF-Keybridge Capital Provides Updates In Relation To WAM Active Takeover Bid

Published 17/12/2019, 05:32 pm
KBC
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Dec 17 (Reuters) - Keybridge Capital Ltd KBC.AX :

* UPDATES IN RELATION TO WAM ACTIVE BIDS

* NOTES THAT WAM ACTIVE ANNOUNCED IT WITHDRAWS ITS INTENTION TO MAKE A CASH BID FOR COMPANY AT 6.9C

* RECEIVED NO DIRECT NOTICE OF THIS WITHDRAWAL AND IS UNCLEAR AS TO WHETHER ASIC RELIEF WAS PROVIDED TO WITHDRAW

* CONSIDERING BIDDERS STATEMENT & ADVISES THERE IS PRESENTLY NO ACTION FOR SHAREHOLDERS TO TAKE IN RELATION TO NEW REDUCED BID

* ALSO NOTES THAT IT HAS RECEIVED A BIDDERS STATEMENT FROM WAM ACTIVE WITH DETAILS OF A NEW BID

* UNDER NEW BID, WAM ACTIVE INTENDS TO SEND TO CO'S SHAREHOLDERS IN DUE COURSE AT REDUCED 6.5C SUBJECT TO VARIOUS CONDITIONS Source: [https:// Further company coverage: KBC.AX

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