Overview of AFS offer declaration by Dynamic Group (ASX: $DDB)

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 has been declared best and final at $0.28 per share. As of 7 August 2024, AFS and its associates held an aggregate relevant interest in 35.812% of the ordinary fully paid shares in Dynamic Group. The Dynamic Group Directors recommend remaining shareholders to accept the offer before its scheduled closing time of 4.00pm (Melbourne time) on 9 September 2024.

Executive commentary on AFS offer and shareholder recommendation

The Dynamic Group Board reiterates its recommendation to shareholders to accept the AFS offer before the closing time, emphasizing the absence of potentially superior proposals at the time of the Target's Statement and the likelihood of the trading price of Dynamic Group Shares falling below the current offer price of $0.28 per share when the offer closes. Shareholders are advised to carefully consider the risks associated with remaining as a minority shareholder as outlined in the Dynamic Group Target Statement dated 6 August 2024.

Summary of AFS offer declaration and shareholder guidance

Dynamic Group Holdings Limited (ASX: $DDB) has declared the AFS offer as best and final, urging remaining shareholders to accept the offer before the scheduled closing time. The company's directors have emphasized the absence of potentially superior proposals and the possibility of the trading price of Dynamic Group Shares falling below the current offer price when the offer closes. Shareholders are encouraged to review the Dynamic Group Target Statement dated 6 August 2024 for a comprehensive understanding of the associated risks. The announcement provides clarity on the AFS offer and outlines the company's guidance for remaining shareholders.