Supplementary Bidder's Statement

Open PDF
Stock CYB.ASX (CYB.ASX)
Release Time 28 Jan 2025, 10:34 a.m.
Price Sensitive Yes
 5GN Increases Offer Price for CYB to 13.5 Cents
Key Points
  • Unconditional all-cash offer to acquire 100% of CYB shares
  • Increased offer price of 13.5 cents per share represents a 31.7% premium to the last trading price
  • Offer provides immediate liquidity and certainty of value for CYB shareholders
Full Summary

5G Networks Limited (5GN) has issued a first supplementary bidder's statement in relation to its on-market takeover offer to acquire all of the ordinary shares in AuCyber Limited (CYB) that it does not already own. 5GN has increased its unconditional all-cash offer price to 13.5 cents per CYB share, up from the original offer of 10.25 cents per share. The increased offer price of 13.5 cents per share represents a premium of 31.7% to the closing price of CYB shares on 19 December 2024, and a premium of 23.9% to the 5-day VWAP prior to the announcement of the original offer. 5GN is offering to acquire 100% of CYB for the increased offer price of 13.5 cents cash per share. Accepting the offer allows CYB shareholders to realize immediate value for their shares, as the offer is unconditional and provides certainty of value. If shareholders do not accept the offer, they may be exposed to risks such as reduced liquidity in CYB shares and potential compulsory acquisition if 5GN acquires more than 50% of the company. 5GN has stated that it will not extend the offer period beyond 4 pm (Melbourne time) on Thursday, 6 February 2025, unless required to do so by law, and that the 13.5 cents per share offer price is its last and final price.