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DTI Group Limited (ASX:DTI)

ALERT: Price-sensitive ASX Announcement for DTI
Current share price for DTI : $0.011 -0.001 (-8.33%)+
Announcement
Release
22 May 2026 11:02AM
Price at Release
$0.012
Full Release
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Summary
Finico Pty Ltd, acting as trustee for The Morris Family Trust, has announced its intention not to extend the offer period for its cash offer to acquire shares in DTI Group Limited. This offer period is set to conclude at the end of trading on 29 May 2026. Finico currently holds between 75% and 90% of DTI's shares and has outlined plans to replace the current board of directors if it does not reach a 90% shareholding. Should it achieve this threshold, a compulsory acquisition and delisting from the ASX will be initiated. The bidder has left open the possibility of increasing its holdings despite no immediate plans for further offers.
Key Points
  • Finico Pty Ltd will not extend its unconditional cash offer period for acquiring shares in DTI Group Limited.
  • The offer period will end at the close of trading on the ASX on 29 May 2026.
  • The bidder holds more than 75% but less than 90% of DTI's fully paid ordinary shares.
  • If the bidder does not acquire 90% of shares by the end of the offer, changes to the DTI Board and potential delisting from ASX will be considered.
  • If the bidder acquires 90% of shares, compulsory acquisition of remaining shares and delisting will proceed.
  • The bidder reserves the right to increase holdings under the Corporations Act but has no current plans for further on-market offers.
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.