Next Capital Pty. Ltd. entered into a Scheme Implementation Deed to acquire Alloggio Group Limited (ASX:ALO) from Microequities Asset Management Group Limited (ASX:MAM), Allegro Capital and HD Capital Partners Pty Limited for AUD 48 million on March 27, 2023. As of June 13, 2023, Next Capital revised the offer per share to AUD 0.24. The transaction is subject to Alloggio Group Limited?s board and shareholder approval, regulatory approvals, FIRB approval, necessary ASIC and ASX approvals, availability of sufficient debt finance to fund the scheme, court approval and satisfactory completion of due diligence. The break fee to be paid by Alloggio Group Limited in case of termination is AUD 0.6 million and reverse break fee paid by Next Capital Pty. Ltd. is AUD 0.3 million. Next Capital has given Alloggio a ?Consultation Notice? under clause 3.4(a) of the SID which provides for Alloggio and Next Capital to consult in good faith to consider if the Scheme may proceed by way of alternative means or methods during a consultation period. As of May 22, 2023, Alloggio and Next Capital have mutually agreed to extend the consultation period until June 5, 2023. As of June 5, 2023, Alloggio and Next Capital have mutually agreed to extend the consultation period until June 13, 2023. if Alloggio and Next Capital are unable to reach agreement for the Scheme to proceed by the end of the consultation period, then either Alloggio or Next Capital may terminate the Scheme Implementation Deed. As of August 28, 2023, the Federal Court of Australia approved the proposed acquisition. The transaction is expected to close on August 2, 2023. As of May 1, 2023, the scheme is expected to be implemented on August 9, 2023. As of August 28, 2023, the transaction is expected to complete on September 6, 2023.

ALO?s financial advisor is Actuity Capital Partners, and its legal advisor is Travis Partners. Next Capital?s financial advisor is Ord Minnett, and its legal advisor is Talbot Sayer. BDO Corporate Finance (East Coast) Pty Ltd, Financial Advisory Arm acted as fairness opinion provider, Automic Pty Ltd. acted as registrar and Maxim Accounting and Business Advisory acted as accountant for Alloggio.