Swoop Holdings Provides Update on Vonex Acquisition Plans, Votes Against MaxoTel Scheme

On 4 October 2024, Swoop Holdings Limited (ASX: SWP) released an update regarding its planned acquisition of Vonex Limited (VN8). After acquiring 19.9% of Vonex's shares, Swoop voted against the acquisition scheme proposed by Maxo Telecommunications Pty Ltd (MaxoTel), which offered to buy Vonex shares at $0.0419 each. Swoop is in ongoing discussions with Vonex's board and plans to present an enhanced non-binding indicative offer for the acquisition. While the outcome of either transaction remains uncertain, Swoop will keep shareholders updated on any progress. The announcement also includes forward-looking statements regarding possible plans and outcomes, highlighting the risks and uncertainties that may impact actual results.

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