Vonex Vests Executive Shares After MaxoTel Takeover, Eyes Capital Raise

• Performance rights vested for CEO Ian Porter and directors after MaxoTel gained over 50% ownership
• Shares from vested rights to be converted and sold on-market during MaxoTel’s takeover offer period
• Vonex Board recommends shareholders accept MaxoTel’s unconditional 4.4c cash offer and reject Swoop’s conditional scrip offer
• 1H FY25 results show slight revenue decline but improved EBITDA and cash position