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Entertainment Rewards Ltd (ASX:EAT)

ALERT: Price-sensitive ASX Announcement for EAT
Current share price for EAT : $0.021 0 (0%)+
Announcement
Release
12 Dec 2025 3:16PM
Price at Release
$0.021
Full Release
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Summary
Suzerain Investment Holdings Ltd has declared its takeover bid for Entertainment Rewards Limited (EAT) to be unconditional, having a relevant interest of 90.88% in EAT. The offer is scheduled to close on 31 December 2025, with Suzerain removing all conditions from its Bidder’s Statement. EAT shareholders are urged to accept the offer, or they may remain minority shareholders if Suzerain does not reach the compulsory acquisition threshold. There is a potential risk of EAT being delisted from the ASX, affecting share liquidity. Shareholders are provided with detailed instructions on how to accept the offer.
Key Points
  • Suzerain Investment Holdings Ltd announced an off-market takeover bid for Entertainment Rewards Limited (EAT).
  • The offer by Suzerain is unconditional, and they currently hold a 90.88% interest in EAT.
  • The offer is set to close on 31 December 2025, unless extended.
  • Suzerain has removed all defeating conditions outlined in their Bidder’s Statement.
  • EAT shareholders who do not accept the offer may remain minority shareholders if the compulsory acquisition threshold is not met.
  • There is a possibility that EAT may be delisted from the ASX, impacting the liquidity and trading price of remaining shares.
  • Instructions on how to accept the offer are included in the Bidder’s Statement.
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.