Dona Ferentes
Pengurus pengatur
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now 14c
Competing Takeover Proposal
Following receipt of the 5GN Takeover Bid, the Company has received a non-binding and conditional takeover proposal from Brennan to acquire 100% of the ordinary shares in the Company at $0.14 cashper share.
The Competing Takeover Proposal represents a premium of approximately 28% to the Company’s 5-day VWAP ($0.11) to 19 December 2024.
Implementing the Competing Takeover Proposal is conditional on:
• Satisfactory due diligence by the bidder;
• Ordinary course of business operations of AUCyber with no material changes to business operations or liabilities other than those previously disclosed to the market;
• no changes to AUCyber share capital as outlined in AUCyber latest Appendix 3G, and any securities other than ordinary shares will be acquired or cancelled for nominal consideration;
• AUCyber does not declare or pay any dividends or distributions;
• AUCyber does not make any acquisitions or disposals of any assets or business of a value greater than $100,000;
• AUCyber aggregate transaction costs and expenses (including any advisory costs and expenses) will not exceed $1.7 million; and
• Credit approval from the bidder’s existing lender.
Competing Takeover Proposal
Following receipt of the 5GN Takeover Bid, the Company has received a non-binding and conditional takeover proposal from Brennan to acquire 100% of the ordinary shares in the Company at $0.14 cashper share.
The Competing Takeover Proposal represents a premium of approximately 28% to the Company’s 5-day VWAP ($0.11) to 19 December 2024.
Implementing the Competing Takeover Proposal is conditional on:
• Satisfactory due diligence by the bidder;
• Ordinary course of business operations of AUCyber with no material changes to business operations or liabilities other than those previously disclosed to the market;
• no changes to AUCyber share capital as outlined in AUCyber latest Appendix 3G, and any securities other than ordinary shares will be acquired or cancelled for nominal consideration;
• AUCyber does not declare or pay any dividends or distributions;
• AUCyber does not make any acquisitions or disposals of any assets or business of a value greater than $100,000;
• AUCyber aggregate transaction costs and expenses (including any advisory costs and expenses) will not exceed $1.7 million; and
• Credit approval from the bidder’s existing lender.