CYB.ASX: Takeover - extension of offer period

Takeover - extension of offer period

Stock	CYB.ASX (CYB.ASX)
Release Time	3 Feb 2025, 2:33 p.m.
Price Sensitive	Yes

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5GN extends takeover offer period for AuCyber

Key Points

5GN has acquired a substantial stake in AuCyber, increasing its voting power to over 50%
As a result, the offer period for 5GN's takeover bid has been automatically extended by 14 days
The offer will now remain open for acceptance until 17 February 2025

Full Summary

5G Networks Limited (5GN) has announced that it has acquired a substantial stake in AuCyber Limited (CYB) during the course of trading on 31 January 2025 and 3 February 2025, increasing its voting power in CYB to more than 50%. As a result of 5GN's voting power in CYB increasing to more than 50% in the last 7 days of the offer period under 5GN's on-market takeover bid for CYB, the offer period has been automatically extended by 14 days in accordance with section 624(2) of the Corporations Act 2001 (Cth). Accordingly, the offer will now remain open for acceptance by CYB shareholders until 4:00 pm (Melbourne time) on Monday, 17 February 2025, unless the offer is withdrawn or further extended as required by law. All references to the closing date of the offer, or the end of the offer period, in 5GN's bidder's statement have been varied accordingly.