• Shareholder raises concerns over proposed resolutions at FBR's EGM
• Alleges lack of clear explanations, independent valuation, and opportunity for questions
• Claims Fidelity placement will bypass 15% limit and cause significant dilution

The Takeovers Panel has received an application from Mr Bob Ciesla, a shareholder of FBR Limited (ASX: FBR), regarding the company's upcoming extraordinary general meeting (EGM) scheduled for 6 May 2025. FBR, formerly known as Fastbrick Robotics, designs and builds dynamically stabilized robots for outdoor use. The applicant submits that FBR is asking shareholders to vote on a 'highly complex series of resolutions without providing clear explanations, independent valuation, or an opportunity to ask questions'. The applicant also claims that FBR is 'moving forward with a funding proposal advanced by Fidelity without exploring or disclosing competitive alternatives, including non-dilutive financing options'. Furthermore, the applicant alleges that the proposed placement of shares to Fidelity International Limited will 'bypass the 15% placement limit and cause significant dilution'. The applicant is seeking an interim order to defer the EGM and final orders, including further disclosure.A sitting Panel has not been appointed at this stage, and no decision has been made whether to conduct proceedings. The Panel makes no comment on the merits of the application.