IVE GROUP LIMITED — M&A Activity 2022

Aug 29, 2022

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ASX RELEASE – IVE GROUP LIMITED (ASX:IGL)

30 August 2022

ACCC Decision Regarding Acquisition of Ovato Assets

On 29 August 2022, IVE Group Limited (IVE, ASX:IGL) announced that it had entered into an agreement to acquire substantially all of the assets of Ovato Limited (Administrators Appointed) ( Ovato ). That agreement is subject to an ACCC clearance decision and the satisfaction of other customary conditions.

On 30 August 2022, the ACCC announced that it will not object to the acquisition of the Ovato assets.

IVE note the satisfaction of the ACCC clearance condition, and consistent with prior announcements, it is expected that the acquisition will complete within 2 weeks.

This announcement has been approved by the Executive Chairman.

Geoff Selig Executive Chairman

Contact details:

Geoff Selig Executive Chairman

+61 2 9089 8544 investors@ivegroup.com.au