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Embark Early Education Limited (ASX:EVO)

ALERT: Price-sensitive ASX Announcement for EVO
Current share price for EVO : $0.370 -0.045 (-10.84%)+
Announcement
Release
29 Sep 2026 9:28AM
Price at Release
$0.415
Full Release
download
Summary
Embark Early Education Limited announced that it acquired 250,000 ordinary shares in Mayfield Childcare Limited, increasing its total voting power from 49.80% to 50.04%, after having held 49.80% since 4 March 2026. The increase was made under section 611 item 9 of the Corporations Act, known as the 'Creep Exception'. Because the change in voting power was only 0.204%, Embark stated that it did not lodge a separate Substantial Shareholder Notice. The announcement was authorised by the Embark board.
Key Points
  • Embark Early Education Limited increased its holding in Mayfield Childcare Limited by acquiring 250,000 ordinary shares.
  • Embark's voting power in Mayfield rose from 49.80% to 50.04%.
  • Embark said it relied on section 611 item 9 of the Corporations Act, the 'Creep Exception', for the acquisition.
  • Embark had held a 49.80% voting power in Mayfield since 4 March 2026.
  • Embark did not lodge a separate Substantial Shareholder Notice because the increase in voting power was only 0.204%.
  • The announcement was authorised by the Embark Early Education Limited Board of Directors.
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.