Latest Entertainment Rewards (Asx:Eat) News

Entertainment Rewards Ltd (ASX, EAT) shares will halt trading following compulsory acquisition notices issued by Suzerain Investment Holdings Ltd, signaling a significant ownership shift.

Suzerain Investment Holdings has declared its takeover bid for Entertainment Rewards unconditional, now holding nearly 97% of shares. The offer remains open until the end of December, setting the stage for potential full ownership.

Suzerain Investment Holdings has declared its takeover offer for Entertainment Rewards Limited unconditional, now holding a 90.88% stake and urging remaining shareholders to accept before the December 31 deadline.

Suzerain Investment Holdings has extended its takeover offer for Entertainment Rewards Limited shares to 31 December 2025, holding over 87% of shares and urging remaining shareholders to accept promptly.

Entertainment Rewards Ltd has issued a Target’s Statement recommending shareholders accept Suzerain Investment Holdings’ conditional off-market takeover offer at a significant premium. An independent expert concurs the offer is fair and reasonable, setting the stage for potential full ownership by Suzerain.

Entertainment Rewards Ltd has issued a Target’s Statement recommending shareholders accept Suzerain Investment Holdings’ conditional off-market takeover offer at a significant premium. An independent expert concurs the offer is fair and reasonable, setting the stage for potential full ownership by Suzerain.

Suzerain Investment Holdings Ltd has initiated an off-market takeover offer for all remaining shares in Entertainment Rewards Ltd at a significant premium, aiming to consolidate full ownership and potentially delist the company from the ASX.

Entertainment Rewards Ltd reported a 2.2% revenue increase in Q1 FY26, driven by strong membership growth and Card Linked Offers, while securing an additional $3 million loan to support its strategic initiatives.

Suzerain Investments Holdings Limited has initiated an off-market takeover bid for all remaining shares of Entertainment Rewards Ltd (EAT) at $0.022 per share, a substantial premium over recent trading prices. The offer comes with unanimous support from EAT's Independent Board Committee, subject to regulatory approvals and an independent expert's fairness opinion.

Entertainment Rewards Ltd has secured significant amendments to its $22.5 million convertible loan agreement with Suzerain Investment Holdings, extending key deadlines to 2028 and enhancing its financial runway.

Entertainment Rewards’ majority shareholder Suzerain Investments has announced a $0.022 per share cash takeover offer, valuing the company at nearly $29 million and offering shareholders a substantial premium.

Entertainment Rewards Ltd reported a 12.7% increase in operating revenue for FY2025, driven by growth in key segments, but posted a wider net loss of $9.7 million amid higher expenses and a major convertible loan amendment.