• Ideagen revises offer price to A$0.09 per share
• Revised proposal represents a 100% premium to Envirosuite's closing price on 21 February 2025
• Proposal subject to various conditions, including Board recommendation and shareholder approval

Envirosuite Limited (ASX: EVS) has received a revised, unsolicited, non-binding, conditional and indicative proposal from Ideagen Limited ('Ideagen') to acquire 100% of Envirosuite's shares by way of a scheme of arrangement, for cash consideration of A$0.09 per share. This revised proposal follows Ideagen's initial proposal on 25 February 2025 to acquire Envirosuite for A$0.10 per share. The revised offer price of A$0.09 per share represents a 100% premium to the closing price of Envirosuite shares on 21 February 2025 of A$0.045 per share, and a 96% premium to the one-month volume-weighted average price of A$0.046 per share. The revised proposal is subject to a number of conditions, including negotiation and execution of a binding Scheme Implementation Deed, unanimous recommendation by the Envirosuite Board, Envirosuite shareholder approval, and final internal approvals being obtained by Ideagen. Envirosuite has retained MA Moelis Australia as its financial adviser and King & Wood Mallesons as its legal adviser, and will continue to act in the best interests of the Company and its shareholders in assessing the merits of the revised proposal. There is no certainty that a transaction will eventuate from the revised proposal, and Envirosuite shareholders do not need to take any action at this stage.