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Yowie Group ( (AU:YOW) ) has issued an announcement.
Yowie Group Ltd is facing a legal challenge as the Takeovers Panel has received an application from Mr. Nicholas Bolton concerning the company’s affairs. The application alleges that entities within the Wilson Asset Management Group have acquired a significant interest in Yowie Group through a bridge funding facility provided to Keybridge, potentially breaching section 606 of the Corporations Act by exceeding the 20% threshold without a permissible exception. The applicant seeks final orders to impose a voting prohibition on Keybridge and demands corrective disclosure from the involved parties.
More about Yowie Group
YTD Price Performance: -44.00%
Technical Sentiment Signal: Sell
Current Market Cap: A$3.21M
Find detailed analytics on YOW stock on TipRanks’ Stock Analysis page.