Variation of Takeover Bid
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| Stock | 5G Networks Ltd (5GN.ASX) |
|---|---|
| Release Time | 28 Jan 2025, 10:30 a.m. |
| Price Sensitive | Yes |
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5GN Increases Takeover Bid Price for AuCyber
Key Points
- 5GN increases offer price for on-market takeover bid of AuCyber from 11 cents to 13.5 cents per share
- This is 5GN's final offer price and the offer period will not be extended unless required by law
- Supplementary Bidders Statement to be sent to AuCyber and lodged with ASX and ASIC
Full Summary
5G Networks Ltd (5GN) has announced that it has increased the offer price for its on-market takeover bid for AuCyber Limited (ASX:CYB) from 11 cents to 13.5 cents per share. 5GN has also stated that this is its final offer price and that it will not extend the offer period unless required to do so under the Corporations Act. The offer is set to expire at 4.00 pm on Thursday 30 January 2025. 5GN will be sending a Supplementary Bidders Statement to AuCyber and lodging it with the ASX and the Australian Securities and Investments Commission today.
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