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Vonex Cancels Scheme, Urges Shareholders to Accept MaxoTel’s 4.4c Cash Offer

7:03pm on Monday 2nd of June, 2025 AEST Telecommunications
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Vonex Cancels Scheme, Urges Shareholders to Accept MaxoTel’s 4.4c Cash Offer

7:03pm on Monday 2nd of June, 2025 AEST
Key Points
  • Vonex and MaxoTel terminate Scheme Implementation Deed due to Swoop’s opposition
  • MaxoTel’s unconditional 4.4c cash offer to close on January 28, 2025, with no extension
  • Vonex Board recommends shareholders accept MaxoTel offer and reject Swoop’s conditional scrip bid
  • MaxoTel holds 52.92% relevant interest in Vonex shares, blocking Swoop’s takeover conditions
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