• Eumundi Group Ltd acquired by SEQ Hospitality Group Pty Ltd
• Shareholders to receive A$1.62 cash per share
• Changes to Eumundi Board of Directors
• Eumundi to be delisted from ASX

Eumundi Group Limited (Eumundi) has announced that the scheme of arrangement under which SEQ Hospitality Group Pty Ltd (SEQ) will acquire 100% of the issued shares in Eumundi (Eumundi Shares) has been implemented. In accordance with the Scheme, Eumundi shareholders have been paid the Scheme consideration of A$1.62 cash for each Eumundi Share held on the scheme record date (being, 7:00pm (Sydney time) on 7 February 2025). With effect from implementation of the Scheme, Joseph Ganim, Gilbert De Luca and Murray Boyte have resigned from the Eumundi Board and Duncan Cornish has resigned as Company Secretary. Andrew Prothero, Greg Duncan and Martin Ward have been appointed to the Eumundi Board, and Andrew Prothero has also been appointed as Company Secretary. As previously announced, trading in Eumundi Shares on the ASX was suspended from the close of trading on 5 February 2025, and an application will be made to remove Eumundi from the official list of the ASX, which is expected to take effect on and from close of trading on 17 February 2025.