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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
17 Dec 2025 12:05PM
Price at Release
$0.021
Full Release
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Summary
Suzerain Investment Holdings Ltd has announced the commencement of the compulsory acquisition of Entertainment Rewards Limited (EAT) shares following an off-market takeover bid under Chapter 6 of the Corporations Act 2001. Suzerain has gained relevant interest in over 90% of the EAT shares and plans to compulsorily acquire the remaining shares it does not own. The acquisition will be conducted on the same terms as the original offer, with shareholders receiving consideration from EAT once the acquisition is complete. The process is expected to conclude no earlier than six weeks from the announcement date. Furthermore, the ASX will suspend the quotation of EAT shares five business days after the notice date, and remove EAT from its official list subsequently.
Key Points
  • Suzerain's takeover bid for Entertainment Rewards Limited.
  • Compulsory acquisition of EAT shares under the Corporations Act.
  • Suzerain holds over 90% interest in EAT shares.
  • Acquisition terms consistent with the original offer.
  • ASX to suspend EAT share quotation and remove from the official list.
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.