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ARC Funds Limited (ASX:ARC)

ALERT: Price-sensitive ASX Announcement for ARC
Current share price for ARC : $0.069 -0.03 (-30.30%)+
Announcement
Release
11 Aug 2025 9:14AM
Price at Release
$0.099
Full Release
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Summary
ARC Funds Limited announced the withdrawal of the scrip offer relating to the acquisition of the remaining shares in TTDS. The company had previously made an offer to acquire all remaining shares in TTDS through a scrip consideration mechanism but has since decided not to proceed with this offer. The withdrawal means that shareholders who have not yet accepted the offer will now retain their shareholding in TTDS, and no further scrip consideration will be provided or processed by ARC Funds Limited for this transaction. The announcement provides details regarding the decision, the implications for TTDS shareholders, and addresses procedural aspects following the withdrawal.
Key Points
  • ARC Funds Limited has withdrawn its scrip offer for the acquisition of remaining shares in TTDS.
  • The company had initially proposed to acquire all outstanding shares in TTDS using scrip consideration.
  • Shareholders who have not accepted the offer will retain their shares in TTDS.
  • No further scrip consideration will be processed for this transaction.
  • The company provided an official announcement detailing the withdrawal and its implications for shareholders.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.