Whispir takeover bid update

Soprano Design Technology (Australia) Pty Ltd, a subsidiary of Soprano Design Pty Ltd, has announced the third supplementary bidder's statement for its off-market takeover bid for all the ordinary shares in Whispir Limited (ASX:$WSP). The Offer Price has been increased to $0.52 per Share on December 20, 2023, and may further increase to $0.55 per Share if valid acceptances increase its aggregate relevant interest in Shares to 27.5% or more by 5.00pm (Sydney time) on December 22, 2023. The Offer Period has been extended to 7.00pm (Sydney time) on December 28, 2023.

Executive commentary

Soprano DTA is pleased to announce the conditional increases in the Offer Price for the off-market takeover bid for Whispir. The decision to extend the Offer Period aims to provide Whispir Shareholders with ample time to consider and accept the Offer. We remain committed to the acquisition and are confident in the value this transaction will bring to both companies.

Summary of takeover bid

Soprano Design Technology (Australia) Pty Ltd has issued the third supplementary bidder's statement for its off-market takeover bid for Whispir Limited. The Offer Price has been raised to $0.52 per Share on December 20, 2023, with a potential increase to $0.55 per Share if certain conditions are met. The Offer Period has been extended to December 28, 2023. Whispir Shareholders are encouraged to carefully consider the Offer and the potential benefits it may bring. Soprano DTA remains resolute in its commitment to the acquisition and looks forward to a successful outcome.