Details of ANO takeover bid extension

Ankla Pty Ltd (ASX: $ANO) has extended the period for its takeover bid for all the ordinary shares in ANO, with the Offer now set to close at 7.00 pm (Melbourne time) on 6 February 2024, unless extended or withdrawn. This variation is in accordance with section 650D of the Corporations Act 2001 (Cth) and the ASIC Corporations (Takeover Bids) Instrument 2023/683.

Ankla Pty Ltd's Commentary on Takeover Bid Variation

Ankla Pty Ltd has given notice of the variation to the takeover bid for ANO in accordance with section 650D of the Corporations Act. The extension of the Offer's closing date aims to provide ample time for the preparation and release of a further Supplementary Bidder's Statement, addressing technical and procedural issues associated with the Offer. Additionally, the Supplementary Bidder's Statement will include a withdrawal right for those who have accepted the Offer prior to its release. ANO shareholders who have already accepted the Offer are advised that they will be paid in accordance with the procedure set out in the Bidder's Statement, and they will have the option to withdraw their acceptance within 30 days following the release of the Supplementary Bidder's Statement.

Summary of ANO Takeover Bid Extension

Ankla Pty Ltd (ASX: $ANO) has extended the closing date of its takeover bid for ANO to 6 February 2024, allowing time for the preparation and release of a further Supplementary Bidder's Statement. The extension is made in accordance with section 650D of the Corporations Act and the ASIC Corporations (Takeover Bids) Instrument 2023/683. The forthcoming Supplementary Bidder's Statement will address technical and procedural issues associated with the Offer and provide a withdrawal right for those who have accepted the Offer prior to its release. ANO shareholders who have already accepted the Offer will be paid in accordance with the procedure set out in the Bidder's Statement and will have the option to withdraw their acceptance within 30 days following the release of the Supplementary Bidder's Statement.