CYB - AUCyber Limited

now 14c

Competing Takeover Proposal
Following receipt of the 5GN Takeover Bid, the Company has received a non-binding and conditional takeover proposal from Brennan to acquire 100% of the ordinary shares in the Company at $0.14 cashper share.

The Competing Takeover Proposal represents a premium of approximately 28% to the Company’s 5-day VWAP ($0.11) to 19 December 2024.
Implementing the Competing Takeover Proposal is conditional on:
• Satisfactory due diligence by the bidder;
• Ordinary course of business operations of AUCyber with no material changes to business operations or liabilities other than those previously disclosed to the market;
• no changes to AUCyber share capital as outlined in AUCyber latest Appendix 3G, and any securities other than ordinary shares will be acquired or cancelled for nominal consideration;
• AUCyber does not declare or pay any dividends or distributions;
• AUCyber does not make any acquisitions or disposals of any assets or business of a value greater than $100,000;
• AUCyber aggregate transaction costs and expenses (including any advisory costs and expenses) will not exceed $1.7 million; and
• Credit approval from the bidder’s existing lender.

Loss of government contract : 03 March

CFO resigned : 06 March

Entitlement Offer : 20 March
Highlights:
• Renounceable and non-underwritten Entitlement Offer to raise approximately $2.75m before costs
• Eligible Shareholders may subscribe for 1 New Share for every 3.57 existing shares
held at an issue price of $0.06 per New Share
• Proceeds will be applied to the Company’s working capital requirements and growth
• Morgans Corporate Limited appointed as lead broker
.

and down to $0.071

Company received applications from
Eligible Shareholders under the Entitlement Offer for 42,965,424 new shares at an issue price of $0.06 per New Share, representing a take-up of 93.74%. Eligible Shareholders, aside from the Company’s largest holder 5GN Networks Limited, were also offered the opportunity to apply for Shortfall Shares in excess of their entitlement at the Offer
Price under the Shortfall Offer. When combined with the Shortfall Offer, valid applications for the Eligible Shareholders in respect of the Entitlement Offer were over $3.1 million, of which $352,668 was scaled back on a pro-rata basis to meet the target raise amount of $2.75m.

April quarterly
- 5G Networks Limited holding 89.685% of the Company’s issued shares.
- Officeholder and execu9ve changes were announced during the Quarter, which resulted in acomplete refresh of the board and execuive team.
- The Company announced an entlement offer during the Quarter, which closed aher the Quarter ended and raised $2.75m before costs, as announced on 15 April 2025.

05 May - intends to undertake a minimum holding buy-back of ordinary shares in the Company for Shareholders who hold less than A$500 worth of fully paid ordinary shares.

no mopping up, yet