Brief: Keybridge Capital Says Sold Its Position In Magellan Global Fund Options For A$17.8 Million

Keybridge Capital

11/12/2023 23:58

Dec 12 (Reuters) - Keybridge Capital Ltd  KBC.AX :

    * HAS SOLD ITS POSITION IN MAGELLAN GLOBAL FUND OPTIONS FOR
A$17.8
MILLION
    * KEYBRIDGE AND ITS MANAGING DIRECTOR NICHOLAS BOLTON AGREED
TO
ENTER A STANDSTILL AGREEMENT WITH MAGELLAN FINANCIAL GROUP
    * STANDSTILL AGREEMENT LIMITING FUTURE DEALINGS IN MFG AND
ITS
RELATED ENTITIES FOR 2 YEARS
    * KEYBRIDGE EXPECTS ITS AFTER TAX NTA TO IMPROVE BY
APPROXIMATELY
4 AU CENTS PER SHARE
    * REPAID A$5.3 MILLION AGAINST ITS RNC LOAN FACILITY,
REPAYING
LOAN PLUS ACCRUED INTEREST IN FULL

Further company coverage:  KBC.AX 

 ((Reuters.Briefs@thomsonreuters.com;))