• Elph Investments acquires 92.68% of Engenco shares
• Offer is now unconditional
• Recommending Directors urge shareholders to accept the Offer

Engenco Limited (Engenco) has announced that the takeover offer by Elph Investments Pty Ltd (Elph Investments) for the shares in Engenco at 31 cents per share (Offer) is now unconditional. Elph Investments has acquired a relevant interest of 92.68% of Engenco shares, which allows Elph Investments to compulsorily acquire the remaining Engenco shares. The Recommending Directors consider that Engenco shareholders who have not accepted the Offer are better off accepting the Offer rather than waiting for the requisite time period for the compulsory acquisition process to take effect in order for them to receive their Offer proceeds. The Recommending Directors continue to unanimously recommend that Engenco shareholders who have not accepted the Offer should promptly ACCEPT it. The Offer closes at 7.00pm (Melbourne time) on 27 June 2025 unless extended. Engenco also advises that the holding lock restrictions that apply to the Employee Share Purchase Plan Shares have now been released such that the relevant holders are able to accept the Offer should they wish to do so.