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Vonex Limited. (ASX:VN8)

ALERT: Price-sensitive ASX Announcement for VN8
Current share price for VN8 : $0.035 0.017 (94.44%)+
Announcement
Release
4 Jul 2025 6:06PM
Price at Release
$0.018
Full Release
download
Summary
On June 3, 2024, Vonex Limited announced the successful implementation of the scheme of arrangement pursuant to which Swoop Holdings Limited acquired all issued shares of Vonex. Following this, Vonex has requested to be removed from the Official List of ASX, and trading in Vonex shares was suspended. The announcement confirms that Swoop now controls Vonex and its subsidiary MaxoTel. Vonex shareholders received the consideration of $0.15 per share, as stipulated under the Scheme. The document also includes a statement from Swoop regarding the implementation and next steps. The announcement provides key dates, background, and details on the transition of ownership from Vonex to Swoop, while reiterating that all standard regulatory and court approvals have been completed.
Key Points
  • Vonex Limited announced implementation of scheme under which Swoop Holdings Limited acquired all Vonex shares.
  • Vonex requested removal from the ASX Official List, and trading in its shares was suspended.
  • Swoop now has control over Vonex and its subsidiary MaxoTel.
  • Vonex shareholders will receive $0.15 per share as scheme consideration.
  • All necessary regulatory and court approvals for the transaction have been completed.
  • Swoop issued a statement confirming successful scheme implementation and outlining next steps.
  • The document includes background, key dates, and procedural information regarding the acquisition.
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.