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READYTECH HOLDINGS LIMITED — M&A Activity 2026
Jun 1, 2026
65678_rns_2026-06-01_324fe348-726e-46e7-be04-a8c5c96a7f22.pdf
M&A Activity
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readytech
MARKET RELEASE (ASX:RDY)
Unsolicited Non-Binding Indicative Proposal to acquire RDY
1 June 2026 – ReadyTech Holdings Limited (ReadyTech) refers to a media article in The Australian Financial Review on 1 June 2026 in relation to ReadyTech.
ReadyTech confirms it has received an unsolicited, non-binding indicative proposal from Total Specific Solutions to acquire 100% of ReadyTech via a scheme of arrangement for cash consideration of $2.00 per share, in parallel to an off-market bid with a 50.1% minimum acceptance condition as a cash consideration of $1.75 per share (Proposal).
The ReadyTech Board has determined to reject the Proposal on the basis that it does not reflect the inherent value of ReadyTech in a change of control context, and in any event would not be executable.
ReadyTech shareholders do not need to take any action.
ReadyTech is being advised by Jefferies Australia.
- ENDS -
This announcement has been authorised for release by the Board of ReadyTech Holdings Limited.
For more information, please contact:
Natalie Miller
Investor Relations
p. +61 422 436 787
e. [email protected]
About ReadyTech
ReadyTech is a leading provider of mission-critical SaaS for the education, employment services, workforce management, government and justice sectors. Bringing together the best in people management systems from students and apprentices to payroll, employment services, and community engagement, ReadyTech creates awesome technology that helps their customers navigate complexity, while also delivering meaningful outcomes. To learn more about ReadyTech's people-centric approach to technology, please visit www.readytech.io.
w. readytech.io
a. Level 2, 77 King Street, Sydney NSW 2000