• JLG received a non-binding indicative offer from Pacific Equity Partners to acquire 100% of the company
• JLG's senior management team, including the CEO, may receive scrip consideration to retain an interest
• JLG has granted PEP a period of exclusivity to conduct due diligence and submit a binding offer

Johns Lyng Group Limited (JLG) has confirmed that it received a non-binding indicative offer proposal from Pacific Equity Partners (PEP), on behalf of funds it advises, to acquire 100% of the issued shares of the company by way of a scheme of arrangement. Certain members of JLG's senior management team, including the company's largest shareholder and CEO Scott Didier, have been offered the opportunity to receive scrip consideration to retain an interest in the JLG business. The Indicative Proposal is subject to a number of conditions customary for transactions of this nature. An Independent Board Committee has been formed to oversee the process, and has decided to grant PEP a period of exclusivity to facilitate its confirmatory due diligence. This exclusivity period expires on 11 July 2025, during which the customary fiduciary exception will not apply for the 4 weeks commencing 29 May 2025. JLG has engaged J.P. Morgan and Nomura as its financial advisers and MinterEllison as its legal adviser. Shareholders do not need to take any action at this stage, and there is no certainty that the discussions with PEP will result in any transaction. Any such transaction would require approval from JLG's Independent Board Committee, the Foreign Investment Review Board, and ultimately JLG's shareholders and the Court.