Takeover - Extension of Offer Period
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| Stock | Swoop Holdings Ltd (SWP.ASX) |
|---|---|
| Release Time | 9 Jan 2025, 5:55 p.m. |
| Price Sensitive | Yes |
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Swoop extends offer period for Vonex takeover
Key Points
- Swoop Telecommunications extends Offer Period until 31 January 2025
- New date for status of Offer Conditions is 23 January 2025
- Offer remains subject to defeating conditions
Full Summary
Swoop Telecommunications Pty Ltd, a wholly-owned subsidiary of Swoop Holdings Limited, has extended the offer period for its off-market takeover bid to acquire up to 100% of the shares in Vonex Limited that it does not already own. The offer period has been extended until 7 pm on 31 January 2025. The new date for giving notice of the status of the offer conditions to which the offer is subject, as required by section 630(3) of the Corporations Act 2001, is 23 January 2025. The offer remains subject to defeating conditions. Swoop Telecommunications has lodged a copy of the notice with the Australian Securities and Investments Commission (ASIC), and ASIC takes no responsibility for the contents of the notice.