• Bain Capital submits second revised non-binding indicative proposal to acquire Insignia Financial
• Proposed price of A$4.60 per share, representing a 7% premium to Bain's previous offer
• Insignia Financial to provide limited due diligence access to Bain Capital

Insignia Financial Ltd (ASX: IFL) has received a further revised non-binding and indicative proposal from Bain Capital to acquire all of the shares in Insignia Financial by way of a scheme of arrangement. The proposed price is A$4.60 cash per share, adjusted for any dividends paid or payable after the date of the proposal. This represents a 7% premium to Bain Capital's revised non-binding indicative proposal of $4.30 cash per share received on 11 January 2025. The Bain Second Revised Indicative Proposal is otherwise subject to the same terms and conditions as Bain's previous proposal. In order to determine if Bain is able to formulate a further improved proposal, Insignia Financial has offered to provide Bain with a limited period of access to certain non-public information on a non-exclusive basis, subject to the signing of a confidentiality and standstill agreement. The provision of limited due diligence does not guarantee that the Bain Second Revised Indicative Proposal will result in a binding offer or one that is capable of being recommended by the Insignia Financial Board. Insignia Financial will continue to keep the market informed in accordance with its continuous disclosure obligations but will not otherwise be commenting on the process that is now underway with Bain.