Swoop Takeover Offer for Vonex is Unconditional
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| Stock | Swoop Holdings Ltd (SWP.ASX) |
|---|---|
| Release Time | 23 Jan 2025, 5:35 p.m. |
| Price Sensitive | Yes |
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Swoop Takeover Offer for Vonex is Unconditional
Key Points
- Swoop Telecommunications Pty Ltd's off-market takeover offer for Vonex Limited is now unconditional
- Offer is free from all defeating conditions, including minimum acceptance, no prescribed occurrences, and lender consent
- Swoop Telecommunications' current voting power in Vonex is 21.42%
Full Summary
Swoop Telecommunications Pty Ltd, a wholly-owned subsidiary of Swoop Holdings Limited (ASX:SWP), has declared its off-market takeover offer for Vonex Limited to be unconditional. The company has provided notice that the offer is free from all defeating conditions set out in the bidder's statement, including the minimum acceptance condition, no prescribed occurrences, and lender consent for refinancing. Accordingly, the takeover offer has now become unconditional. Swoop Telecommunications' current voting power in Vonex is 21.42%.
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