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Pact Group Holdings Ltd (ASX:PGH)

ALERT: Price-sensitive ASX Announcement for PGH
Current share price for PGH : $0.910 0.165 (22.15%)+
Announcement
Release
7 Jul 2025 10:02AM
Price at Release
$0.745
Full Release
download
Summary
Pact Group Holdings Ltd (PGH) has announced its voluntary delisting from the Australian Securities Exchange (ASX) following a successful off-market takeover bid by Kin Group for all outstanding shares. With Kin Group now controlling over 90% of PGH shares, the company intends to proceed with compulsory acquisition of the remaining shares and remove itself from the ASX official list. The announcement details the process for compulsory acquisition, implications for remaining shareholders, and changes to trading in PGH securities. The document also provides a business update, outlining recent financial performance, operational highlights, and management’s ongoing strategy focused on sustainability, innovation, and efficiency improvements across its packaging, recycling, and materials handling divisions.
Key Points
  • Pact Group Holdings Ltd to be delisted from the ASX after a successful takeover by Kin Group.
  • Kin Group has acquired over 90% of PGH shares and will initiate compulsory acquisition of the remainder.
  • PGH shares will be suspended from official quotation on the ASX following delisting.
  • Remaining shareholders will have their shares compulsorily acquired on the same terms as the takeover offer.
  • The company provides a business update highlighting its recent financial performance and operational achievements.
  • PGH remains committed to sustainability and innovation in its core business areas.
  • Management outlines ongoing focus on cost efficiency, strategic investments, and growth in recycling and sustainable packaging solutions.
  • Details provided regarding the timeline and process for the delisting and compulsory acquisition.
  • Trading in PGH securities will be impacted, with clear instructions for shareholders on the next steps.
  • PGH thanks its shareholders for their support and outlines its future direction as a privately held company.
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.