• Embark Early Education Limited (ASX: EVO) closed its off-market takeover offer for Mayfield Childcare Limited (ASX:MFD)
• Embark has acquired a 48.58% stake in Mayfield, falling short of the 50.1% threshold
• Embark's ability to influence Mayfield will be limited with a non-controlling stake

Mayfield Childcare Limited (ASX:MFD) announced the close of the off-market takeover offer made by Embark Early Education Limited (ASX: EVO) to acquire all of the fully paid ordinary shares in Mayfield that Embark did not already own. The Offer closed at 7:00pm AEDT on Thursday 5 March 2026. Following the close of the Offer, Embark initially reported holding a 39.49% voting power in Mayfield. However, due to an inadvertent share registry reconciliation error, Embark has now stated that it has received acceptances during the Offer period bringing its total shareholding in Mayfield to 36,644,512 Shares, reflecting a voting power of 48.58%. Embark's Bidder's Statement indicates that if Embark has a relevant interest in Mayfield of less than 50.1%, its ability to affect the intentions set out in the Bidder's Statement will be significantly limited. The company will keep shareholders updated on further developments as they occur.