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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
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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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