• Elph Investments has acquired over 92% of Engenco shares and will compulsorily acquire remaining shares
• Engenco shareholders who have not accepted the offer can still do so by 27 June 2025
• Shareholders who have their shares compulsorily acquired will be entitled to claim payment directly from Engenco

Elph Investments Pty Ltd, a member of the Elphinstone Group, has made an off-market takeover bid under Chapter 6 of the Corporations Act 2001 (Cth) to acquire all of the fully paid ordinary shares in Engenco Limited (ASX: EGN). Based on acceptances received, Elph Investments has now acquired a relevant interest in more than 92.13% of the Engenco shares and has acquired more than 75% of the Engenco shares that it offered to acquire under the offer. Accordingly, Elph Investments now has the right to compulsorily acquire the Engenco shares which it does not receive acceptances for prior to the close of the offer, under the compulsory acquisition provisions of the Corporations Act. The compulsory acquisition of the Engenco shares will take place after the offer closes but will otherwise be on the same terms as the offer (that is, $0.31 cash per Engenco share). Engenco shareholders who have not accepted the offer may still do so by the scheduled offer closing time of 7:00pm (Sydney time) on Friday, 27 June 2025. If they accept the offer by this closing date, they will receive payment for their Engenco shares on or before 18 July 2025, instead of having to wait for the compulsory acquisition process to complete. On completion of the compulsory acquisition process, the aggregate cash amount which Elph Investments is required to pay for the remaining Engenco shares it compulsorily acquires will be paid to Engenco (to be held on trust), and shareholders who have their Engenco shares compulsorily acquired will then be entitled to claim payment for those Engenco shares directly from Engenco.