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Bentley Capital Limited (ASX:BEL)

ALERT: Price-sensitive ASX Announcement for BEL
Current share price for BEL : $0.011 -0.006 (-35.29%)+
Announcement
Release
19 Nov 2025 5:05PM
Price at Release
$0.017
Full Release
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Summary
Bentley Capital Limited announced that it has settled a legal claim with Keybridge Capital Limited concerning legal costs from prior proceedings in the Federal Court of Australia. According to the settlement agreement, Bentley will receive a total of $250,000 from Keybridge, with payments scheduled for November 2025 and February 2026. This settlement follows a court ruling that required Keybridge to cover 50% of the legal costs associated with William Johnson, a former director appointed by Bentley. Bentley, which was a significant shareholder in Keybridge, disposed of most of its shares in 2020.
Key Points
  • Bentley Capital Limited entered into a settlement deed with Keybridge Capital Limited.
  • Bentley will receive a payment of $250,000 from Keybridge.
  • Payment terms are $200,000 by 28 November 2025 and $50,000 by 28 February 2026.
  • Settlement relates to Federal Court of Australia proceedings WAD 475 of 2019.
  • Court ordered Keybridge to contribute 50% to William Johnson’s legal costs.
  • Bentley was a major shareholder in Keybridge until July 2020.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.