AIH.ASX: AIH submits non-binding indicative proposal to acquire MCE

AIH submits non-binding indicative proposal to acquire MCE

Stock	AIH.ASX (AIH.ASX)
Release Time	30 Mar 2026, 6:48 p.m.
Price Sensitive	Yes

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AIH submits non-binding proposal to acquire MCE

Key Points

AIH offers to acquire all MCE shares at $0.40 per share
Offer represents a 66.7% premium to MCE's closing price on 26 March 2026
Acquisition is part of AIH's strategy to build a market-leading technical buoyancy and subsea ancillaries platform

Full Summary

AIH has submitted a non-binding and indicative proposal to the Board of MCE to acquire all of the shares in MCE for AUD$0.40 cash per MCE share (Offer Price) by way of a scheme of arrangement (Indicative Proposal). The Offer Price of AUD$0.40 represents a 66.7% premium to the closing price of MCE Shares on 26 March 2026, being the last trading date prior to AIH acquiring a relevant interest in 19.9% of the issued MCE shares. The proposed acquisition of MCE is a key part of AIH's strategy to build a market leading technical buoyancy and subsea ancillaries platform and establish its manufacturing presence in the Asia-Pacific region. AIH believes the combination of AIH and MCE creates a platform well positioned to capture a greater share of value in a growing market. The Indicative Proposal is incomplete and incapable of acceptance and remains subject to a number of standard conditions including completion of due diligence, regulatory approvals, and final approval of the AIH Board.