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Credit Corp Group Limited (ASX:CCP)

ALERT: Price-sensitive ASX Announcement for CCP
Current share price for CCP : $13.730 -0.2 (-1.44%)+
Announcement
Release
17 Dec 2025 10:02AM
Price at Release
$13.930
Full Release
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Summary
Humm Group Limited announced it received a Section 203D notice from Jeremy Raper and Collins Street Value Fund indicating their intention to move resolutions at a general meeting to remove certain directors. Additionally, Humm Group received a non-binding indicative proposal from Credit Corp Group Limited to acquire 100% of the company. This proposal includes a scheme of arrangement offer at $0.77 per share in cash or an off-market takeover offer at $0.72 per share, both conditional on various factors including due diligence, regulatory approvals, and Credit Corp achieving 50.1% acceptance. The board is evaluating the proposal with financial and legal advisers and has engaged in discussions with Credit Corp regarding due diligence, subject to a non-disclosure agreement. The board emphasizes that the proposal is non-binding, subject to numerous conditions, and does not currently constitute a takeover bid.
Key Points
  • Section 203D notice to remove directors.
  • Non-binding indicative proposal from Credit Corp.
  • Proposal includes $0.77 per share scheme of arrangement.
  • Alternative takeover offer of $0.72 per share.
  • Proposal subject to due diligence and regulatory approvals.
  • Discussions on due diligence and NDA ongoing.
  • No binding agreement currently exists.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.