5GN Takeover Bid

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Stock CYB.ASX (CYB.ASX)
Release Time 28 Jan 2025, 12:09 p.m.
Price Sensitive Yes
 5GN Increases Takeover Bid for AUCyber
Key Points
  • 5GN has increased its takeover bid for AUCyber by $0.025 (22.7%) to $0.135 per share
  • 5GN's revised offer has been declared 'last and final' and is scheduled to close on 6 February 2025
  • The AUCyber Board will consider the revised offer and provide further guidance to shareholders prior to market open on 29 January 2025
Full Summary

AUCyber Limited (ASX: CYB) has announced that 5G Networks Limited (ASX: 5GN) has increased its takeover bid for AUCyber. 5GN has increased the consideration offered for AUCyber shares by $0.025 (22.7%) to $0.135 (13.5 cents) cash per AUCyber share. 5GN's revised offer has been declared 'last and final' and is scheduled to close at 4:00pm (Melbourne time) on Thursday, 6 February 2025. The Board of AUCyber will consider 5GN's revised offer and provide further guidance to AUCyber shareholders prior to market open on 29 January 2025. Until this time, AUCyber shareholders are advised to take no action. AUCyber Limited is an Australian sovereign provider of comprehensive cyber security, secure private cloud, and managed technology services. The company encompasses the award-winning brands AUCyber and AUCloud, and is recognized as one of the top 10 'Most Innovative Technology Companies' by the Australian Financial Review. AUCyber's solutions are backed by key certifications, including the Digital Transformation Agency's Hosting Certification Framework and compliance with the Australian Signals Directorate's Information Security Manual.