Keybridge Capital Limited (ASX:KBC) made an offer to acquire remaining 64.4% stake in Yowie Group Limited (ASX:YOW) for AUD 5.2 million on December 29, 2023. Keybridge will pay AUD 0.034 per share in cash as consideration. The funds required to pay the cash consideration under the offer will be sourced from Keybridge?s own funds and liquid assets.

If Keybridge acquires a relevant interest of 90% or more of Yowie Shares it will become entitled to proceed to compulsory acquisition of the outstanding Yowie shares. Yowie shareholders are advised to Take No Action in respect of the Offer until the Yowie Board makes a formal recommendation. As of February 16, 2024 The tender offer commenced with closing expected on March 16, 2024.

As of March 7, 2024, Keybridge Capital have extended offer period of the takeover bid till April 16, 2024. Keybridge Capital Limited are advised to accept the offer to acquire All Your Ordinary Shares In Yowie Group. The transaction is expected to close on April 26, 2024.

Advanced Share Registry Limited acted as a registrar for Keybridge Capital Limited.