This IMO will be an acquisition of a similar ICT company in the Eastern States and therefore is not a material change of business (which would otherwise require shareholder approval)
One other shareholder approval necessary would be if they raise more than 15% of market cap to fund the acquisition. This is highly probable but I seriously doubt it will be blocked, especially given how much of the company is owned by directors and how 'value accretive' such a transaction would likely be.
I agree with bcsiles, most likely a mix of stock and cash
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- Ann: New Contract Win and WA Govt ICT Services Panel Status
Ann: New Contract Win and WA Govt ICT Services Panel Status, page-183
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