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Engenco Directors Back Final 31 Cent Takeover Offer as Acceptance Nears 90%
11:51am on Friday 13th of June, 2025 AEST
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Engenco Directors Back Final 31 Cent Takeover Offer as Acceptance Nears 90%
11:51am on Friday 13th of June, 2025 AEST
Key Points
Elph Investments raises offer price to 31 cents per share, final and non-negotiable
Substantial shareholders holding over 16% have accepted the offer
Elph Investments’ stake climbs to 88.98%, close to compulsory acquisition level
Directors highlight premium over pre-offer share price and liquidity benefits
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