ETS Group Limited (8031) and Jumbo Growth Trading Limited jointly announced a delay in the despatch of the composite document related to the mandatory unconditional cash offer for ETS Group Limited's issued shares (other than those already owned or agreed to be acquired by Jumbo Growth Trading Limited and parties acting in concert with it).
According to the announcement, additional time is required to prepare and finalize certain information in the composite document, including a letter to be issued by the independent financial adviser and the Company’s auditors on a profit forecast in accordance with Rule 10 of the Takeovers Code. An application was made to the Executive to extend the deadline for despatch. The Executive has indicated that it is minded to grant consent for the deadline to be extended to on or before 27 February 2026.
The announcement reminds shareholders and potential investors of ETS Group Limited to exercise caution when dealing in the Company’s shares. Any further changes to the timetable or updates related to the composite document will be disclosed in subsequent announcements by Jumbo Growth Trading Limited and ETS Group Limited.