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Pacific Smiles Group Limited (ASX:PSQ)

ALERT: Price-sensitive ASX Announcement for PSQ
Current share price for PSQ : $2.180 0.58 (36.25%)+
Announcement
Release
10 Oct 2025 9:21AM
Price at Release
$1.600
Full Release
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Summary
The Target's Statement from Pacific Smiles Group Limited addresses the off-market takeover bid by Genesis Bidco for all the shares it does not already own, offering $2.20 cash per share. The Independent Board Committee recommends shareholders accept the offer, considering it fair and reasonable, as per the Independent Expert's Report. Genesis Bidco holds a 89.27% interest in Pacific Smiles as of the Last Practicable Date and may proceed with compulsory acquisition if thresholds are met. The statement includes financial highlights of Pacific Smiles, detailing increased patient fees and EBITDA for FY25. The document outlines the process and implications of accepting or rejecting the offer, emphasizing that the offer provides certainty of value and may represent an attractive premium. The document stresses that it should be read thoroughly, and professional advice should be sought if necessary.
Key Points
  • Genesis Bidco offers $2.20 per Pacific Smiles share.
  • Independent Board Committee recommends accepting the offer.
  • Genesis Bidco has a 89.27% Relevant Interest in Pacific Smiles shares.
  • Pacific Smiles saw increased patient fees and EBITDA in FY25.
  • The offer provides certainty of value and possibly an attractive premium.
  • Compulsory acquisition is possible if Genesis Bidco meets thresholds.
  • The offer was lodged with ASIC and ASX on 10 October 2025.
  • The Target's Statement is a response to Genesis Bidco's bid for Pacific Smiles.
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.