On Friday (30 August 2024) you would have received an email from Automic, the registry provider for Montu Group Pty Ltd (Montu or the Company), informing you about the recent updates we made to the Montu buy back offer. Amongst others, these include:a summary of RSM’s independent valuation report that provides further information as to how the buy back price of $1.15 per share has been derived, together with certain unaudited FY24 financial information;commitment by the Company to limit the effective shareholding of the majority shareholder to a maximum of 89.9% as a result of this buy back; and extension of the closing date of the share buy back to 9 September 2024, 5.00 pm (AEST) to allow investors further time to consider the additional information. To date, Montu has received more than $6.5 million share buy back commitments, representing approximately 70% of the available buy back shares under the offer. The buy back is subject to shareholder approval at the General Meeting which will be held on 17 September 2024.
