Vonex Director Sells Shares as MaxoTel Gains Majority
Vonex Limited's director, Jason Gomersall, has sold around 7 million shares to Maxo Telecommunications, which now owns over 50% of Vonex. This sale extends MaxoTel's unconditional takeover offer until January 1, 2025. Vonex shareholders are encouraged to evaluate the current offer, as alternative proposals may not fulfill necessary conditions.
Vonex Limited (AU:VN8) has released an update.
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Vonex Limited’s director, Jason Gomersall, has sold approximately 7 million shares to Maxo Telecommunications, which now holds over 50% of Vonex shares. This transaction extends MaxoTel’s unconditional takeover offer until January 1, 2025. Vonex shareholders are advised to consider the current offer, as alternative offers may not meet the required conditions.
For further insights into AU:VN8 stock, check out TipRanks’ Stock Analysis page.
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