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Why Engenco Directors Urge Shareholders to Accept Elphinstone’s 30.5c Bid
4:35pm on Friday 9th of May, 2025 AEST
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Why Engenco Directors Urge Shareholders to Accept Elphinstone’s 30.5c Bid
4:35pm on Friday 9th of May, 2025 AEST
Key Points
Elph Investments offers 30.5 cents per Engenco share
Independent Expert values shares at 31.8 cents, calling offer ‘not fair but reasonable’
Offer conditional on Elph increasing stake from 68.53% to 92.13%
Directors unanimously recommend acceptance for those seeking liquidity
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