• Adamantem Capital confirms proposal to acquire 100% of Close the Loop at $0.27 per share
• Exclusivity period extended to 20 January 2025 to allow for finalisation of due diligence and transaction documentation
• No certainty that binding documentation will be executed or that a transaction will materialise

Close the Loop Limited (ASX:CLG) has announced that it has extended the exclusivity period granted to Adamantem Capital to allow for the finalisation of due diligence and negotiation of binding transaction documentation on Adamantem's proposal to acquire 100% of the company by way of a scheme of arrangement for $0.27 per share. The original exclusivity period was set to expire on 17 December 2024, but has now been extended to 20 January 2025 to accommodate the summer holiday period. Adamantem has confirmed that it is seeking to pursue the transaction at the $0.27 per share price, subject to the completion of due diligence and agreement of binding documentation. However, the company has noted that there is no certainty that the parties will enter into binding documentation or that a transaction will ultimately materialise. Close the Loop shareholders are not required to take any action at this stage, and the company will continue to keep the market informed in accordance with its continuous disclosure obligations.