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KEYBRIDGE CAPITAL LIMITED — M&A Activity 2013
Nov 27, 2013
65174_rns_2013-11-27_d9a9eec4-ae20-4a30-91a8-93e892263db8.pdf
M&A Activity
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28 November 2013
Company Announcements Office Australian Securities Exchange Limited Level 4 Exchange Centre 20 Bridge Street Sydney NSW 2000
Dear Sirs,
Response to Takeover Bid from Oceania Capital Partners (OCP)
Oceania Capital Partners Limited (OCP) has today announced that it intends to make an unsolicited off-market takeover bid for all of the shares in Keybridge Capital Limited (Keybridge) for consideration of $0.16 in cash for every Keybridge share (Offer).
At this stage Keybridge has not had an opportunity to review OCP's Bidder's Statement in relation to its Offer and as a result Keybridge's directors are not yet in a position to make a formal recommendation to shareholders. The directors of Keybridge will meet shortly to consider the Offer in detail.
Until Keybridge's directors have issued their formal recommendation regarding the Offer:
Shareholders are advised to take no action in relation to OCP's Offer.
As the Offer must remain open for at least one calendar month from when it opens (which can be no earlier than 14 days after today), Keybridge shareholders will have ample time to make a decision in respect of the Offer.
Yours faithfully,
Nicholas Bolton Executive Director
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Adrian Martin
Company Secretary
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