Termination of proposed merger with Complexica
| Stock | Prophecy International Holdings Ltd (PRO.ASX) |
|---|---|
| Release Time | 26 Nov 2025, 5:38 p.m. |
| Price Sensitive | Yes |
Prophecy Terminates Proposed Merger with Complexica
- Prophecy and Complexica mutually agree to terminate merger
- Termination enables Prophecy to focus on its core business
- Proposed on-market share buyback will not proceed
Prophecy International Holdings Ltd (Prophecy) has announced that it has mutually agreed with Complexica Pty Ltd (Complexica) to terminate the Implementation Deed for their proposed all-scrip merger. After careful consideration, the parties have determined that the proposed merger is not in the best interests of either party or their respective shareholders at this time. The termination of the proposed merger will enable the Prophecy Board to focus the Company's resources on its core business. Prophecy and Complexica will consider if there are any mutually beneficial opportunities to collaborate in relation to product implementation going forward. In its previous announcement on 7 August 2025, Prophecy had also announced the intention to undertake an on-market share buyback of up to $1.5 million worth of ordinary shares, subject to completion of the proposed merger. As the merger will no longer proceed, Prophecy has advised that the proposed on-market share buyback will not take place.