Takeover - Extension of Offer Period
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| Stock | Swoop Holdings Ltd (SWP.ASX) |
|---|---|
| Release Time | 28 Jan 2025, 3:19 p.m. |
| Price Sensitive | Yes |
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Swoop Holdings extends takeover offer for Vonex
Key Points
- Swoop Telecommunications extends Offer Period for takeover of Vonex until 14 February 2025
- Offer remains unconditional as previously announced
- Extension provides additional time for Vonex shareholders to accept the Offer
Full Summary
Swoop Telecommunications Pty Ltd, a wholly-owned subsidiary of Swoop Holdings Ltd, has extended the Offer Period for its off-market takeover bid to acquire up to 100% of the shares in Vonex Limited that it does not already own. The Offer will now remain open for acceptance until 7pm on 14 February 2025, providing additional time for Vonex shareholders to accept the Offer. The Offer remains unconditional, as previously announced on 23 January 2025. Swoop Telecommunications is making the Offer under Chapter 6 of the Corporations Act 2001 (Cth) and the extension has been communicated to the Australian Securities and Investments Commission, Vonex, and ASX Limited.
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