On 3 January 2025, the Company released its Target’s Statement recommending shareholders REJECT the 5GN Takeover Bid. The Company also advised that its financial adviser had commenced engagement with a select group of qualified third parties with interest in acquiring 100% of the Company. This process has advanced, with several interested parties, including Brennan having now executed Confidentiality Agreements and commenced due diligence. There can be no assurances that any competing takeover or similar transaction capable of being considered by shareholders will be forthcoming from this process.
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