Legal Costs Dispute Fuels Bentley Capital’s Volatile Trading
Bentley Capital Limited has addressed a sharp 70% rise in its share price and a spike in trading volume, attributing the movement to ongoing legal proceedings rather than undisclosed information.
- 70% increase in Bentley Capital share price on 30 October 2025
- No undisclosed price-sensitive information identified by the company
- Ongoing Federal Court legal proceedings with Keybridge Capital
- Next court hearing scheduled for 19 November 2025
- Company confirms compliance with ASX continuous disclosure rules
Unusual Trading Activity Sparks ASX Inquiry
On 30 October 2025, Bentley Capital Limited (ASX – BEL) experienced a notable surge in its share price, opening at 2.1 cents and reaching an intraday high of 3.6 cents, a 70% jump, accompanied by a significant increase in trading volume. This sudden market activity prompted the Australian Securities Exchange (ASX) to issue a formal query to the company, seeking clarity on whether any undisclosed information might be driving the trading.
Company Response – No Undisclosed Information
Bentley Capital responded promptly, confirming it was not aware of any price-sensitive information that had not been publicly disclosed. The company emphasized its adherence to ASX Listing Rule 3.1, which mandates continuous disclosure of material information. The response was authorized and approved by the board, underscoring the company’s commitment to transparency.
Legal Proceedings at the Core
Instead of undisclosed news, Bentley Capital pointed to ongoing legal proceedings involving Keybridge Capital Limited (ASX – KBC) and William Johnson, a director linked to both companies. The Federal Court of Australia has issued several judgments since 2019 concerning this dispute. Most recently, in September 2024, the court declared that Keybridge Capital is liable to contribute 50% of William Johnson’s legal costs related to the case. The quantum of these costs remains to be assessed, with a case management hearing scheduled for 19 November 2025.
The company also mentioned that it occasionally receives unsolicited interest from third parties regarding potential transactions but confirmed no current proposals are under consideration. This clarification aims to quell speculation that the share price movement might be linked to merger or acquisition activity.
Market Implications and Next Steps
The legal dispute and its associated costs represent a material factor for investors to monitor. The upcoming court hearing and any potential settlement discussions between Bentley Capital and Keybridge Capital could influence the company’s financial outlook and investor sentiment. Meanwhile, the company’s clear communication and compliance with disclosure obligations help maintain market confidence amid volatility.
Bottom Line?
Investors will be watching the November court hearing closely for clues on how this legal saga might shape Bentley Capital’s future.
Questions in the middle?
- What will be the assessed quantum of legal costs Keybridge Capital must pay?
- Could a settlement between Bentley Capital and Keybridge Capital be reached before the next hearing?
- Will the ongoing legal proceedings continue to influence Bentley Capital’s share price volatility?