• Syfe to acquire 100% of Selfwealth shares for $0.28 per share
• Offer represents a 133% premium to Selfwealth's last close price
• Selfwealth Board unanimously recommends the Syfe Offer

SelfWealth Ltd (ASX:SWF) has announced that it has entered into a scheme implementation deed with Svava Pte Ltd, the parent company of the Syfe Group, under which Syfe will acquire 100% of the shares in Selfwealth that it does not already own for $0.28 cash per share by way of a scheme of arrangement. The Syfe Offer values Selfwealth at approximately $65m on a 100% equity basis and represents a 133% premium to the last close share price of Selfwealth of $0.120 as at 12 November 2024. The Selfwealth Board unanimously recommends that shareholders vote in favour of the Syfe Offer, in the absence of a Superior Proposal and subject to an independent expert concluding that the Syfe Offer is in the best interests of shareholders. The Syfe Offer is subject to various conditions including approval by Selfwealth shareholders at a scheme of arrangement meeting, which is expected to be held before the end of April 2025.

Syfe has committed to retaining the key elements of the Selfwealth platform that attracted customers, while adding new products and services to make Selfwealth a truly holistic digital wealth solution. Selfwealth's clients are expected to significantly benefit from Syfe's commitment to technology-led diversified wealth solutions, and there will be significant opportunities for the Selfwealth team as part of a fast-growing, international financial technology group.