Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Australia
  4. Australian Stock Exchange
  5. Bentley Capital Limited
  6. News
  7. Summary
    BEL   AU000000BEL0

BENTLEY CAPITAL LIMITED

(BEL)
SummaryChartsNewsCalendarCompany 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Bentley Capital : Response to Fresh Takeover Bid for Keybridge Capital Limited

12/15/2019 | 10:31pm EDT

Monday, 16 December 2019

ASX Code: BEL

MARKET ANNOUNCEMENT

Response to Fresh Takeover Bid for Keybridge Capital Limited

Bentley Capital Limited (ASX:BEL) (Bentley) refers to its previous announcement on 14 October 20191 where it stated that it intended to accept into a proposed off-market takeover bid2 by WAM Active Limited (ASX:WAA) (WAM) for Keybridge Capital Limited (ASX:KBC) (Keybridge) at a cash price of 6.9 cents per share (6.9 cent Bid).

WAM's 6.9 cent Bid was subject to conditions and on 13 December 2019, WAM announced the withdrawal of its intention to make the bid citing the triggering of a number of defeating conditions relating to Keybridge.3

Shortly after announcing the withdrawal of the 6.9 cent Bid, WAM released on ASX a copy of a Bidder's Statement in relation to a fresh off-market takeover bid for all of the issued shares in Keybridge at a cash price of 6.5 cents per share (Offer).4 The Offer is subject to WAM attaining a minimum 50.1% relevant interest in Keybridge before the end of the Offer period as well as a number of other conditions relating to Keybridge.

Bentley confirms that it is still desirous of exiting its 31.7 million shareholding in Keybridge at 6.9 cents per share. However, it proposes to review the final despatched version of the WAM Bidder's Statement and Keybridge's Target Statement in response, before confirming its intentions in relation to the new lower Offer.

FOR FURTHER INFORMATION:

Farooq Khan

T | (08) 9214 9757

Chairman

E | cosec@bel.com.au

  1. Refer BEL ASX Announcement dated 14 October 2019: Response to Takeover Bid for Keybridge Capital Limited
  2. Refer WAA ASX Announcement dated 13 October 2019: Proposed Off-Market Takeover Bid for Keybridge Capital Limited
  3. Refer WAA ASX Announcement dated 13 December 2019: WAM Active announced withdrawal of intention to make a takeover bid for Keybridge Capital Limited
  4. Refer WAA ASX Announcement dated 13 December 2019: Off-Market Takeover Bid for Keybridge Capital Limited

www.bel.com.au

BENTLEY CAPITAL LIMITED

A.B.N. 87 008 108 218

Level 2, 23 Ventnor Avenue, West Perth, Western Australia 6005

ASX : BEL

T | (08) 9214 9757

F | (08) 9214 9701

E | info@bel.com.au

Disclaimer

Bentley Capital Limited published this content on 16 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 December 2019 03:30:04 UTC


ę Publicnow 2019
All news about BENTLEY CAPITAL LIMITED
02/26Bentley Capital Limited Reports Earnings Results for the Half Year Ended Dece..
CI
2020Bentley Capital Limited Reports Earnings Results for the Full Year Ended June..
CI
2020BENTLEY CAPITAL : Initial Substantial Holder Notice in YOW
PU
2020BENTLEY CAPITAL : Ceasing to be a Substantial Holder Notice for KBC
PU
2020GLOBAL MARKETS LIVE: Gap, Lufthansa, Facebooků
2020BENTLEY CAPITAL : NTA Backing as at 29 February 2020
PU
2020BENTLEY CAPITAL : Update on Acceptance into Takeover Bid for Keybridge Capital L..
PU
2020BENTLEY CAPITAL : Update on Investment in Keybridge Capital Limited
PU
2020Bentley Capital Limited Announces Change of Address
CI
2020Bentley Capital Limited Reports Earnings Results for the Half Year Ended Dece..
CI
More news
Chart BENTLEY CAPITAL LIMITED
Duration : Period :
Bentley Capital Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Managers and Directors
Farooq Khan Executive Chairman
William Matthew Johnson Executive Director
Simon Kenneth Cato Non-Executive Director
Poh Hong Ho Secretary
Sector and Competitors
1st jan.Capi. (M$)
BENTLEY CAPITAL LIMITED12.68%6
INDIA GRID TRUST16.84%1 126