Brennan Vdi Pty Ltd agreed to acquire MOQ Limited (ASX:MOQ) for AUD 20.5 million on August 8, 2022. Brennan shall acquire the shares by way of scheme of arrangement for AUD 0.066 cash per share. As of August 16, 2022, agreed to acquire MOQ Limited (ASX:MOQ) for AUD 23.3 million. The offer constitutes acquisition of shares by way of scheme of arrangement for AUD 0.075 cash per share. Brennan will fund the total cash consideration using existing cash and cash equivalents at call and available debt facilities. The Directors of MOQ, including Chief Executive Officer, Peter Ward, unanimously recommend the scheme. The transaction is subject to approval by the shareholders of MOQ and the Court, Regulatory Approvals and Cancellation of existing Target Options. As of November 8, 2022, Federal Court of Australia approves convening of Scheme Meeting and dispatch of Scheme Booklet. The Scheme Meeting is scheduled to be held 4 November 2022. On November 24, 2022, the requisite majority of shareholders approved the transaction. The scheme is still subject to Federal Court approval and the scheme is expected to be legally effective on November 18, 2022. Transaction Implementation Date is expected to be in November, 2022. Monash Advisory is acting as financial adviser and Thomson Geer is acting as legal adviser to MOQ. Dentons is acting as legal advisor for Brennan. Automic Pty Ltd. acted as Share Registry.

Brennan Vdi Pty Ltd completed the acquisition of MOQ Limited (ASX:MOQ) on November 9, 2022. The scheme was approved by Federal Court of Australia.