Impending Suspension of Trading
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| Stock | Engenco Ltd (EGN.ASX) |
|---|---|
| Release Time | 23 Jun 2025, 4:29 p.m. |
| Price Sensitive | Yes |
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Engenco Ltd Announces Impending Suspension of Trading
Key Points
- Elph Investments Pty Ltd has acquired a 95.57% stake in Engenco Ltd
- Elph Investments will compulsorily acquire remaining Engenco shares
- Trading of Engenco shares on ASX to be suspended on 27 June 2025
Full Summary
Engenco Limited (Engenco) has announced that Elph Investments Pty Ltd (Elph Investments) has acquired a relevant interest of 95.57% of Engenco shares and intends to compulsorily acquire all remaining Engenco shares that are not accepted into Elph Investments' takeover offer of 31 cents per share. The closing date for the offer is 7.00pm on 27 June 2025, and Elph Investments will pay shareholders who accept the offer by no later than 18 July 2025. ASX is expected to suspend trading of Engenco shares on ASX on 27 June 2025, and Engenco is expected to be delisted from ASX shortly thereafter. The Recommending Directors of Engenco have encouraged all Engenco shareholders who have not accepted the offer to do so before the closing date.
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