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Mayfield Childcare Limited (ASX:MFD)

ALERT: Price-sensitive ASX Announcement for MFD
Current share price for MFD : $0.190 -0.32 (-62.75%)+
Announcement
Release
5 Feb 2026 10:23AM
Price at Release
$0.510
Full Release
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Summary
Embark Early Education Limited has issued a notice under section 650F(1) of the Corporations Act 2001, concerning its off-market takeover offer for Mayfield Childcare Limited. The notice declares that the offer is now free from certain defeating conditions initially imposed, such as the minimum acceptance condition and ASX Listing Rule requirements. Embark's voting power in Mayfield stands at 20.27%. The takeover bid, which commenced on 5 January 2026 and will close on 5 March 2026, offers Mayfield's shareholders a choice between cash and scrip consideration. The document further advises Mayfield shareholders to carefully assess the offer considering their personal financial situation and seek professional guidance.
Key Points
  • Embark Early Education Limited initiated an off-market takeover bid for Mayfield Childcare Limited.
  • The notice under section 650F(1) of the Corporations Act declared the offer free from certain conditions.
  • The offer was initially subject to defeating conditions, which have now been removed.
  • Embark's voting power in Mayfield was reported as 20.27%.
  • The takeover offer includes both cash and scrip consideration options for Mayfield shareholders.
  • The offer period commenced on 5 January 2026 and is set to expire on 5 March 2026.
  • The document emphasizes the importance of shareholder decision-making based on personal circumstances and professional advice.
  • Embark's intention is to acquire all fully paid ordinary shares of Mayfield Childcare Limited.
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.