Bid Free From Defeating Conditions
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| Stock | Embark Early Education Ltd (EVO.ASX) |
|---|---|
| Release Time | 25 Feb 2026, 5:52 p.m. |
| Price Sensitive | Yes |
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Embark Early Education Ltd Bid Free From Defeating Conditions
Key Points
- Embark Early Education Ltd's off-market takeover bid for Mayfield Childcare Ltd is now free from defeating conditions
- Embark's voting power in Mayfield is 20.45%
- Formal notice under section 650F of the Corporations Act 2001 has been lodged
Full Summary
Embark Early Education Ltd (ASX:EVO) has issued a formal notice under section 650F of the Corporations Act 2001 declaring its off-market takeover bid for all the shares of Mayfield Childcare Ltd (ASX:MFD) free from defeating conditions. Embark's Offers dated 5 January 2026 to acquire all of Mayfield's fully paid ordinary shares are now free from the no prescribed occurrence condition set out in the Bidder's Statement. The notice also states that Embark's voting power in Mayfield is 20.45%. This announcement removes the final hurdle for Embark's takeover bid to proceed, paving the way for the completion of the acquisition.
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