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ReadyTech Holdings Limited (ASX:RDY)

ALERT: Price-sensitive ASX Announcement for RDY
Current share price for RDY : $1.700 0.36 (26.87%)+
Announcement
Release
1 Jun 2026 10:51AM
Price at Release
$1.340
Full Release
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Summary
ReadyTech Holdings Limited has received an unsolicited, non-binding indicative proposal from Total Specific Solutions to acquire 100% of the company. The proposal offers a cash consideration of $2.00 per share via a scheme of arrangement and includes an off-market bid with a cash consideration of $1.75 per share with a 50.1% minimum acceptance condition. The ReadyTech Board has rejected the proposal on the basis that it does not reflect the company's inherent value in a change of control context and would not be executable. Shareholders have been advised that no action is necessary at this stage, and the company is being advised by Jefferies Australia.
Key Points
  • ReadyTech Holdings Limited received an unsolicited, non-binding indicative proposal from Total Specific Solutions.
  • The proposal involves acquiring 100% of ReadyTech via a scheme of arrangement for cash consideration of $2.00 per share.
  • An off-market bid was also proposed with a 50.1% minimum acceptance condition as a cash consideration of $1.75 per share.
  • The ReadyTech Board has rejected the proposal as it does not reflect the inherent value of the company.
  • Shareholders are advised that no action is required at this stage.
  • ReadyTech is being advised by Jefferies Australia.
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.