Australian Meat Industry Superannuation Pty Ltd, trading as Australian Food Super (AFS), has announced an on-market takeover bid to acquire all of the issued shares in Dynamic Group Holdings Limited (ASX: $DDB) which AFS does not already own. The offer price is set at A$0.28 cash per share, and the bid will remain open until the close of trading on the ASX on 9 September 2024.
The on-market takeover bid by Australian Food Super reflects our commitment to expanding our investment portfolio and strengthening our position in the market. We believe that this offer presents an attractive opportunity for Dynamic Group Holdings shareholders to realize value for their investment. We are confident in the strategic rationale behind this bid and are committed to a transparent and fair process throughout the offer period.
Australian Food Super, through its trustee Australian Meat Industry Superannuation Pty Ltd, has made a cash offer of A$0.28 per share to acquire all remaining shares in Dynamic Group Holdings Limited. The bid, which will be open until 9 September 2024, aims to provide shareholders with an opportunity to realize value for their shares. The company's decision to pursue this on-market bid aligns with its strategic objectives of expanding its investment portfolio and enhancing its market position. Shareholders are encouraged to carefully consider the offer and the Bidder's Statement, which will be served on DDB and lodged with the ASX and Australian Securities and Investments Commission. The outcome of this bid will be of interest to both the shareholders of Dynamic Group Holdings and the broader market participants, as it will shape the future ownership structure of the company.