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Kip McGrath Education Centres Limited (ASX:KME)

ALERT: Price-sensitive ASX Announcement for KME
Current share price for KME : $0.715 0.05 (7.52%)+
Announcement
Release
12 Oct 2026 9:59AM
Price at Release
$0.665
Full Release
download
Summary
This announcement, lodged with ASX on 12 October 2026 by KHQ Lawyers on behalf of Crimson Consulting Australia Pty Ltd, advises that in connection with Crimson Australia’s off-market takeover offer for all ordinary shares in Kip McGrath Education Centres Limited, Crimson Australia has given a notice under section 650F of the Corporations Act 2001 (Cth), as modified by ASIC Corporations (Takeover Bids) Instrument 2023/683, declaring the offer free from all listed conditions in section 9.7 of its bidder’s statement, namely the minimum acceptance, regulatory action, no prescribed occurrences, no distributions, no break fees and no material adverse change conditions; the notice refers to the bidder’s statement dated 30 July 2026, as supplemented on 7 August 2026 and 11 September 2026 and varied on 11 September 2026 and 7 October 2026, and states that as at 12 October 2026 Crimson Australia held voting power in KME of 32.37%, representing 16,989,719 shares out of 52,490,809 shares on issue.
Key Points
  • KHQ Lawyers lodged the notice with ASX on behalf of Crimson Consulting Australia Pty Ltd on 12 October 2026.
  • The document relates to Crimson Australia’s off-market takeover offer for all shares in Kip McGrath Education Centres Limited.
  • Crimson Australia issued a notice under section 650F of the Corporations Act 2001 (Cth) to free the offer from conditions.
  • The offer was declared free from the minimum acceptance condition.
  • The offer was declared free from the regulatory action condition.
  • The offer was declared free from the no prescribed occurrences condition.
  • The offer was declared free from the no distributions condition.
  • The offer was declared free from the no break fees condition.
  • The offer was declared free from the no material adverse change condition.
  • The notice references the bidder’s statement dated 30 July 2026, supplementary bidder’s statements dated 7 August 2026 and 11 September 2026, and variation notices dated 11 September 2026 and 7 October 2026.
  • As at 12 October 2026, Crimson Australia’s voting power in KME was 32.37%.
  • Crimson Australia’s voting power comprised 16,989,719 KME shares out of 52,490,809 shares on issue.
  • The notice was signed by Jamie Beaton as director of Crimson Consulting Australia Pty Ltd.
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.