WAM Takeover Offer

    WAM Takeover Offer

    On 14 December 2020, amaysim Australia Limited (ASX: AYS) (amaysim or the Company) and WAM Capital Limited (ASX: WAM) (WAM) announced that they have entered into a bid implementation agreement (BIA), under which it is proposed that WAM will make an agreed off-market takeover bid for 100% of the outstanding fully paid ordinary shares of amaysim, subject to certain conditions (the WAM Offer).

    The Board unanimously recommends shareholders accept the WAM Offer and the Directors have indicated that they each intend to accept the WAM Offer in respect of all amaysim shares they own or control, both in the absence of a superior proposal.

    The WAM Offer was conditional upon the sale of amaysim’s Mobile business (Mobile Sale) to Optus Mobile Pty Limited (Optus), which completed on 1 February 2021. 

    The WAM Offer opened on 2 February 2021 and WAM's Bidder's Statement and amaysim's Target's Statement was despatched to Shareholders.

    The Offer is dated 2 February 2021 and will close at 7.00 pm (Sydney Time) on 30 March 2021, unless extended or withdrawn. The Bidder’s and Target’s Statements were lodged with ASIC on 2 February 2021. Shareholders are encouraged to read these documents in their entirety. 

    BIDDER'S STATEMENT AND TARGET'S STATEMENTS (COMBINED)

    The WAM Offer is for:

    • 1 WAM Share for every 2.675 of your amaysim Shares;
    • cash consideration of A$0.70 per amaysim Share;
    • or a combination of cash and scrip.

    For further information visit - https://www.wamcapitalamaysimoffer.com/offer/home/ 

    Further announcements in relation to the WAM Offer: