Increase in Offer Price for AuCyber Limited
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| Stock | CYB.ASX (CYB.ASX) |
|---|---|
| Release Time | 28 Jan 2025, 10:33 a.m. |
| Price Sensitive | Yes |
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Increase in Offer Price for AuCyber Limited
Key Points
- Offer price increased to $0.135 per CYB share
- Offer remains open until 6 February 2025
- 5GN currently holds 10.74% of CYB shares
Full Summary
On 20 December 2024, 5G Networks Limited (5GN) made an on-market takeover bid for all of the fully paid ordinary shares in AuCyber Limited (CYB). Morgans Financial Limited, as broker to the Offer, has announced that the Offer Price has been increased to $0.135 cents per CYB share. No other terms of the Offer have changed, and accordingly the Offer will remain open for acceptance until the close of trading on Thursday, 6 February 2025, unless extended or withdrawn by 5GN in accordance with the Corporations Act 2001 (Cth). As at 28th January 2025, 5GN had relevant interests in 10.74% of CYB shares, representing voting power of 10.74%.
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