Overview of takeover bid and director's recommendation

Dynamic Group Holdings Ltd (ASX: $DDB) has received an on-market takeover bid from Australian Meat Industry Superannuation Pty Ltd, trading as Australian Food Super, for all the ordinary shares at A$0.28 per share. The directors of Dynamic Group Holdings Ltd unanimously recommend accepting the bidder's offer in the absence of a superior proposal. The company's target statement provides important information and encourages shareholders to seek professional advice before making any decision regarding the offer.

Executive commentary on the takeover bid and recommendation

The directors of Dynamic Group Holdings Ltd have carefully considered the on-market takeover bid from Australian Food Super and believe that the offer of A$0.28 per share provides certain and immediate cash consideration, at a premium to recent trading prices. We recommend shareholders to carefully review the target statement, consider the taxation consequences of accepting the offer, and evaluate the risks associated with remaining a shareholder. Our intention is to act in the best interests of the company and its shareholders, and we encourage shareholders to seek independent advice before making any decisions related to the offer.

Summary of takeover bid and company's risks

Dynamic Group Holdings Ltd (DDB) has received an on-market takeover bid from Australian Food Super at A$0.28 per share. The directors unanimously recommend accepting the offer, highlighting its certain and immediate cash consideration at a premium to recent trading prices. Shareholders have the option to accept the offer, sell their shares on the market, or take no action. The company faces various operational risks including business interruptions, access to equipment and drilling rigs, dependence on key personnel, labor market challenges, health and safety concerns, capital and maintenance expenditure, and financial risks. Shareholders are advised to carefully consider the risks and the details of the acquisition offer before making any decisions.