Embark Early Education Closes MFD Takeover Bid
Key points
- Embark Early Education (ASX:EVO) has closed its takeover bid for Mayfield Childcare (ASX:MFD)
- Embark has received acceptances that will bring its shareholding in Mayfield to 39.49%
- 98% of acceptances were for the cash election, 2% for the scrip election
Full summary
Embark Early Education Limited (ASX:EVO) has announced the close of its off-market takeover offer for the ordinary shares in Mayfield Childcare Limited (ASX:MFD). The takeover bid closed at 7.00pm (AEST) on 5 March 2026. Embark has received acceptances under the takeover bid that will bring its shareholding in Mayfield to 29,782,284, being a total voting power of 39.49%. Of this amount, 98% of the acceptances were for the cash election, and 2% were for the scrip election. Embark will issue the shares for the scrip election on Wednesday, 11 March 2026 and will dispatch cheques for the cash election on Thursday, 12 March 2026. The company will also provide the notification as required under ASX Listing Rule 3.4.1 on Thursday, 12 March 2026.
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