Kingsgate discloses related party transaction with non-executive director's company

Kingsgate Consolidated Limited (KCN) released supplementary information for its Appendix 4E detailing a related party transaction during FY2025. The company engaged Peter Warren Consulting Pty Limited, an entity wholly owned by non-executive director Peter Warren.

The three-month consulting agreement followed the departure of Daniel O'Connell as chief financial officer. Peter Warren Consulting's services included reviewing and enhancing the company's financial systems and accounting structures, implementing recommended changes, and facilitating the transition of responsibilities to the incoming chief financial officer.

Fees paid under this consulting agreement totaled $76,000 during FY2025. The board of Kingsgate Consolidated Limited authorized the release of this announcement.