Vonex Says MaxoTel Signs Westpac Business Finance Agreement to Fund Takeover Bid

MT Newswires Live

Sep 15, 2025

Vonex (ASX:VN8) said MaxoTel told the firm that it signed a business finance agreement with Westpac Banking (ASX:WBC, NZE:WBC) for a facility to finance the scheme consideration of AU$0.036 per Vonex share for the acquisition of 100% of the Vonex shares it does not currently own, according to a Monday Australian bourse filing.

The Vonex board, excluding Chief Executive Michael Blake, who will not make a recommendation, continues to unanimously recommend that Vonex shareholders vote in favor of the scheme, in the absence of a superior proposal.

MaxoTel may choose to no longer rely on its existing cash resources for the acquisition.

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