UBI.ASX: KPMG appointed as Voluntary Administrators

KPMG appointed as Voluntary Administrators

Stock	Universal Biosensors Inc (UBI.ASX)
Release Time	20 Aug 2025, 2:35 p.m.
Price Sensitive	Yes

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KPMG appointed as Voluntary Administrators to Universal Biosensors Pty Limited

Key Points

KPMG appointed as joint and several voluntary administrators of Universal Biosensors Pty Limited
Administrators to undertake immediate assessment of the business and explore options for its sale and/or recapitalisation
First statutory meeting of UBS' creditors to be held on 29 August 2025

Full Summary

On 20 August 2025, KPMG was appointed as the joint and several voluntary administrators of Universal Biosensors Pty Limited (UBS), a subsidiary of Universal Biosensors Inc (ASX: UBI). The administrators, David Hardy, James Dampney and Emily Seeckts, now control the assets, trading, and day-to-day operations of UBS, with the priority being to undertake an immediate assessment of the business and its operations. The administrators' current intention is to continue to trade UBS while this urgent assessment is undertaken and options for its sale and/or recapitalisation are explored. Any interested parties wishing to submit a sale or recapitalisation proposal for UBS' business and assets are encouraged to contact the administrators. A first statutory meeting of UBS' creditors will take place on 29 August 2025 at 10:30am AEST. The directors' powers of UBS have been suspended with immediate effect.