• Strata Investment Holdings PLC received an unsolicited, non-binding proposal from Freedom BidCo, Inc.
• The proposal offers A$0.16 per share in cash for all shares of Strata.
• The proposal is subject to conditions, including antitrust and regulatory approvals.
• Freedom BidCo believes the offer provides liquidity and value for Strata shareholders.

Strata Investment Holdings PLC (ASX: SRT) has received an unsolicited, confidential, non-binding and indicative proposal from Freedom BidCo, Inc, a company incorporated in Ontario, Canada, to acquire all of Strata's shares at a price of A$0.16 per share in cash. The proposal, if made, will be subject to various conditions, including antitrust and regulatory approvals, and no material adverse change in Strata's business. The offer price represents no premium to the last traded price prior to suspension and is equal to the closing price on 22 August 2024. Freedom BidCo believes the offer provides immediate liquidity and value to Strata shareholders, who have been locked up for approximately 21 months in a public company whose shares have been suspended on the ASX and risk being delisted in August 2026.