On December 14, 2020, RedHill Education Limited announced that UCW Limited (UCW) has announced an off-market takeover offer for all the shares in the Company for proposed consideration of 4.5 ordinary shares in UCW for one ordinary share in the Company and the offer is unsolicited and conditional on a number of matters. The Company stated that the board is reviewing the proposed offer and UCW’s bidder’s statement and is not in a position to make a recommendation as yet. In addition, the Company advised its shareholders to take no action in relation to the proposed offer until the board has had a chance to consider the proposed offer and the bidder’s statement.