WAM Active Limited, a fund managed by MAM Pty Limited cancelled the acquisition of the remaining stake in Keybridge Capital Limited from Bentley Capital Limited and others.
The transaction is subject to minimum acceptance of 50.1% before offer period, no regulatory action during the period starting on the date that the offer was announced and ending of the offer period, no prescriber occurrences, no material transactions, no material adverse change, no material adverse change, no superior alternate proposal, no material litigation, no delisting, no NTA fall and no fall in the market of below 10% or more. The offer will open for acceptance in due course and will be open for at least one month.
WAM Active Limited (ASX:WAA), a fund managed by MAM Pty Limited cancelled the acquisition of the remaining stake in Keybridge Capital Limited (ASX:KBC) from Bentley Capital Limited (ASX:BEL) and others on December 13, 2019. The offer is being cancelled due to breach of the no material decline in NTA' condition and the apparent material decline in Keybridge Capital Limited's value over the period since October 13, 2019.