Overview of AFS offer and shareholder caution

Dynamic Group Holdings Limited (ASX:DDB) has announced that the on-market takeover offer made by Australian Meat Industry Superannuation Pty Ltd as trustee for Australian Meat Industry Superannuation Trust trading as Australian Food Super (AFS) for all of the fully paid ordinary shares in Dynamic Group which AFS does not already own or control for $0.28 per share has been declared best and final. The AFS Offer is set to close at 4.00pm (Melbourne time) on 9 September 2024. Remaining shareholders are cautioned about the potential illiquidity of Dynamic Group Shares post the Offer closing, and the company's recommendation to accept the Offer in the absence of a superior proposal.

Executive commentary on AFS offer and shareholder recommendation

The Dynamic Group Board reiterates that no potentially superior proposals were under consideration at the time of the Target's Statement, and none have emerged since. The Dynamic Group Directors recommend to remaining shareholders that, in the absence of a superior proposal, to ACCEPT the Offer before its scheduled closing time of 4.00pm (Melbourne time) on 9 September 2024.

Summary of AFS offer and outlook

Dynamic Group Holdings Limited (ASX:DDB) has advised remaining shareholders to consider accepting the AFS offer, which has been declared best and final and is set to close on 9 September 2024. Shareholders are cautioned about the potential illiquidity of Dynamic Group Shares post the Offer closing. The company's recommendation, in the absence of a superior proposal, is to accept the Offer before its scheduled closing time. The announcement also provides information on how shareholders can accept the AFS Offer and request further details. Dynamic Group Holdings Limited emphasizes its commitment to providing quality services and its focus on safety and solutions in the mining and construction sectors in Western Australia.