Overview of Ansarada's acquisition scheme update

Ansarada Group Limited (ASX: $AND) has received confirmation from the Australian Competition and Consumer Commission (ACCC) that it will not oppose the proposed acquisition by DS Answer Pty Ltd ('Datasite'). The acquisition, which involves a scheme of arrangement, remains subject to other conditions, including approval from the Foreign Investment Review Board (FIRB), Ansarada shareholders, and the Supreme Court of New South Wales.

Executive commentary on ACCC clearance

We are pleased to announce that the ACCC has confirmed it will not oppose the Scheme. We are working closely with Datasite to consider the current Scheme timetable and will keep our shareholders informed of any changes. The satisfaction of the remaining conditions will pave the way for the successful completion of the acquisition, allowing us to continue our mission of helping organizations make critical decisions with confidence.

Summary of Ansarada's acquisition scheme update

Ansarada (ASX: $AND) has received clearance from the ACCC for the proposed acquisition by Datasite. The Scheme remains subject to additional conditions, including FIRB approval, shareholder consent, and court approval. The company anticipates that the remaining conditions will be met in due course, allowing the acquisition to proceed as planned. This development aligns with Ansarada's purpose-driven mission to empower organizations to make confident decisions and realize their full potential.