Key points
- Motio has entered into a binding Scheme Implementation Deed with IVE Group for acquisition of 100% shares in Motio.
- Motio shareholders will receive 6.0 cents cash per share, a 15% premium to recent share price.
- The Motio Board unanimously recommends shareholders vote in favor of the Scheme.
Full summary
Motio Ltd (ASX: MXO) has entered into a binding Scheme Implementation Deed with IVE Group Limited (ASX: IGL) for the acquisition of 100% of its shares and MXOAV class options. Motio shareholders will receive 6.0 cents cash per share, representing a 15% premium to the company's closing share price on September 18, 2026. The Motio Board unanimously recommends that shareholders vote in favor of the Scheme, subject to conditions including an Independent Expert's approval and no Superior Proposal.
Guidance
Motio shareholders to receive 6.0 cents cash per share, a 15% premium to recent share price.
Outlook
Motio believes the Scheme represents an attractive outcome for shareholders, recognizing the company's transformation and providing certainty of an all-cash outcome.