Takeover - Extension of Offer Period

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Stock Swoop Holdings Ltd (SWP.ASX)
Release Time 14 Feb 2025, 2:50 p.m.
Price Sensitive Yes
 Swoop Holdings Extends Offer Period for Vonex Takeover
Key Points
  • Swoop Telecommunications extends Offer Period for Vonex takeover until 21 February 2025
  • Offer remains unconditional as previously announced
  • Swoop Telecommunications is a wholly-owned subsidiary of Swoop Holdings Ltd
Full Summary

Swoop Telecommunications Pty Ltd, a wholly-owned subsidiary of Swoop Holdings Ltd, has extended the Offer Period for its off-market takeover bid to acquire up to 100% of the shares in Vonex Limited that it does not already own. The Offer, which was first made on 9 December 2024, will now remain open for acceptance until 7pm on 21 February 2025, an extension of the previous closing date of 14 February 2025. The Offer remains unconditional, as previously announced on 23 January 2025. Swoop Telecommunications is making the Offer under Chapter 6 of the Corporations Act 2001 (Cth).