Yowie Group Notes Supreme Court Order of A$4.75 Million Compensation to Keybridge Over Nicholas Bolton Payments

Shwetambri Chauhan

06 November 2026 06:59 PM AEDT

Yowie Group Notes Supreme Court Order of A$4.75 Million Compensation to Keybridge Over Nicholas Bolton Payments

Image Source: Krish Capital Pty Ltd

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Yowie Group Limited (ASX:YOW) has noted a Supreme Court of New South Wales judgment delivered on 4 November 2026, ordering A$4.75 million in compensation to Keybridge Capital Ltd, following a finding that a fee of that amount advanced for the benefit of former Yowie CEO and Keybridge Managing Director Nicholas Bolton was not in Keybridge's interests and returned nothing of commercial value to Keybridge.

Key Points

The Supreme Court of New South Wales delivered judgment on 4 November 2026 in the matter of Keybridge Capital Limited [2026] NSWSC 1377, ordering A$4.75 million compensation to Keybridge.
Yowie transferred approximately A$6 million to Keybridge during calendar years 2023–2024 under arrangements put in place by Yowie's former directors.
In July 2024, Keybridge transferred more than A$4.75 million, including cash transferred from Yowie, to an Italian entity for the benefit of Nicholas Bolton.
The Court also ordered pre-judgment interest from 2 July 2024 and made orders as to costs.
Nicholas Bolton and John Patton resigned as Yowie directors on 18 June 2025, with a new board installed on 27 June 2025.

Supreme Court Judgment Against Nicholas Bolton Payments

The Supreme Court of New South Wales found that the A$4.75 million fee and the advance of those funds for the benefit of Nicholas Bolton in July 2024 was not in Keybridge's interests, and that Keybridge received nothing of commercial value in return. The Court ordered compensation to Keybridge in the amount of A$4.75 million, together with pre-judgment interest calculated from 2 July 2024 and orders as to costs. Yowie noted the judgment in its filing dated 6 November 2026, referencing Keybridge Capital Ltd's own disclosure of the outcome.

Timeline of Key Events Following Fund Transfers

Following the transfers, a series of events unfolded across 2025. On 6 February 2025, Yowie requested immediate repayment of its loan facility with Keybridge. Keybridge appointed a voluntary administrator on 9 February 2025, before exiting administration on 8 May 2025. On the same date, Yowie issued a statutory demand, which Keybridge subsequently applied to set aside. Nicholas Bolton and John Patton resigned as Yowie directors on 18 June 2025. On 27 June 2025, the previous board was replaced by Geoff Wilson, Jesse Hamilton, Martyn McCathie, Antony Catalano, and Sulieman Ravell. On 18 July 2025, Yowie announced it was reviewing intra-group loan arrangements implemented by the prior board.

Current Board's Engagement with Keybridge and Wilson Asset Management

According to the filing, since replacing the previous board, Yowie's current directors have been working closely with Keybridge and its major shareholder Wilson Asset Management in seeking the return of funds used by Nicholas Bolton to acquire a residence on Lake Como. Yowie described the judgment as a significant outcome for Keybridge, stating it moves Keybridge one step closer to recovering funds from Bolton. Antony Catalano has been on leave of absence from the Yowie board since 16 March 2026. The filing was authorised for release by the Yowie Board of Directors.

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