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Mayfield Childcare Limited (ASX:MFD)

ALERT: Price-sensitive ASX Announcement for MFD
Current share price for MFD : $0.100 -0.31 (-75.61%)+
Announcement
Release
10 Mar 2026 7:21PM
Price at Release
$0.410
Full Release
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Summary
On 10 March 2026, Mayfield Childcare Limited announced the close of an off-market takeover offer by Embark Early Education Limited. Initially, Embark reported acquiring 39.49% of Mayfield's shares, but this figure was later corrected to 48.58% due to a share registry reconciliation error. Despite acquiring less than 50% of shares, Embark's ability to implement its intentions as outlined in their Bidder's Statement is limited. Mayfield, which operates 45 childcare centers with over 4,000 places across Victoria, Queensland, and South Australia, has committed to keeping its shareholders informed of future developments. This announcement was approved by the company's Board.
Key Points
  • Embark Early Education Limited made an off-market takeover offer for Mayfield Childcare Limited.
  • The offer closed on 5 March 2026 with Embark holding 39.49% of Mayfield's shares initially reported.
  • A share registry error was later corrected, showing Embark held 48.58% of Mayfield's shares post-takeover offer.
  • Embark's intentions with less than 50% shareholding are limited, as outlined in their Bidder's Statement.
  • Mayfield operates 45 childcare centers across Victoria, Queensland, and South Australia with over 4,000 childcare places.
  • The announcement was approved by Mayfield's Board and shareholders will be updated on further developments.
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.