Update on Delisting, Buy-Back Price and General Meeting
| Stock | Birddog Technology Ltd (BDT.ASX) |
|---|---|
| Release Time | 23 Jun 2025, 9:16 a.m. |
| Price Sensitive | Yes |
BirdDog Announces Revised Buy-Back Price, Postponed EGM
- Increased buy-back price from $0.05 to $0.07 per share
- Received voting intention statements from 3 substantial shareholders
- Updated notice of meeting and timetable for delisting and buy-back
BirdDog Technology Limited (ASX: BDT) has announced an update on its proposed voluntary removal from the official list of the ASX and off-market equal access share buy-back. The company has determined to increase the share buy-back price by 40% from the previously announced $0.05 per share to $0.07 per share. This revised buy-back price represents a 126% premium to the closing price on the last trading day prior to the announcement, a 112% premium to the 15-day volume weighted average price, and a 100% premium to the 30-day VWAP. The company has also procured voting intention statements from three substantial institutional shareholders who in aggregate hold 16.9% of BDT shares, confirming their intention to vote in favor of both the delisting and share buy-back resolutions and to fully participate in the buy-back. An updated notice of extraordinary general meeting, explanatory memorandum, and proxy form incorporating the revised buy-back price and updated timetable will be made available to shareholders. The EGM to approve the delisting and buy-back has been postponed from the originally proposed date of 20 May 2025 to 22 July 2025.