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Takeovers Panel Faces Complex Dispute Over Yowie’s Contested Share Placement
2:33am on Monday 2nd of June, 2025 AEST
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Financial Services
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Takeovers Panel Faces Complex Dispute Over Yowie’s Contested Share Placement
2:33am on Monday 2nd of June, 2025 AEST
Key Points
Keybridge Capital holds 78.34% voting power in Yowie Group
Dispute centers on Yowie’s private placement of 34.4 million shares at a 7% premium
Keybridge alleges placement breaches 20% takeover prohibition under section 606
Internal conflict within Keybridge over authority to file the application
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