Australia, April 21 -- New South Wales Land and Environment Court issued text of the following judgement on March 21:
1. This proceeding involves a challenge to the appointment of a voluntary administrator to the First Defendant, Keybridge Capital Limited, which occurred on the evening before a meeting of Keybridge's members to consider resolutions to remove and replace its directors, and a challenge to the purported adjournment of that meeting on the following day, prior to any business being conducted.
2. The First Plaintiff, WAM Active Limited, is a public company listed on the Australian Stock Exchange (ASX). WAM, together with its associated entities, currently holds approximately 43.5% of the total shares on issue in Keybridge.
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