Swoop Holdings Limited (ASX:SWP) (Swoop) is pleased to confirm...

Swoop Holdings Limited (ASX:SWP) (Swoop) is pleased to confirm its off-market takeover offer (Offer)
to acquire all of the ordinary shares of Vonex Limited (ASX:VN8) (Vonex) that it does not currently own
(Vonex Shares) as announced to ASX on 18 October 2024. The bidder’s statement with respect to the
Offer has been separately lodged today with ASX.
Highlights
• Under the Offer, a wholly owned subsidiary of Swoop (Swoop Telecommunications Pty Ltd ACN
109 931 731) is offering to acquire all of the Vonex Shares that it does not currently own.
• Swoop is offering 1 fully paid Swoop ordinary share (Swoop Share) for every 3.9 Vonex Shares.
• The implied offer price is $0.050 per Vonex Share (based on Swoop’s 5-day VWAP to 21
November 2024 of approximately $0.193).
• The implied offer price represents:
o a premium of 14% to the current Maxo Telecommunications Pty Limited’s (MaxoTel)
on-market cash offer of $0.044 announced on 23 October 2024;
o a premium of 178% to the closing price of Vonex Shares of $0.018 cents on 24 June
2024, being the last closing price prior to the announcement of the MaxoTel Scheme
(Undisturbed Share Price Date); and
o a premium of 11% to the closing price of Vonex Shares on 21 November 2024 of
$0.045.