Jun 2026 Financial News

Agostini Limited - Notice of Material Change - Closure of Offer and Take Over Bid for Prestige Holdings Limited

Jun 24, 2026

Notice of Material Change
CLOSURE OF OFFER AND TAKE OVER BID

The Board of Directors wishes to inform shareholders that the Offer and Take Over bid (the "Bid") issued on June 17th 2025 to the shareholders of Prestige Holdings Limited ("PHL") for the acquisition of 100% of PHL's issued and outstanding shares via a share swap of 4.8 PHL shares in exchange for 1.0 Agostini share, has formally closed in accordance with its terms on June 23rd 2026.

At the close of the Bid, Agostini received shares validly tendered pursuant to the Bid representing approximately 96.8% of the issued and outstanding shares of PHL.

Completion of the Bid and settlement of consideration to PHL shareholders who accepted the Bid, including the exchange of PHL shares for Agostini shares, is expected to occur within ten (10) days following the close of the Bid, in accordance with its terms. Given the number of shares validly tendered, Agostini will be considered to have obtained a controlling shareholding in PHL upon completion of such settlement and share exchange.

Agostini will not be proceeding with the "squeeze out" of the remaining shareholders as the statutory timeframe for the exercise of compulsory acquisition rights under the "squeeze-out" provisions pursuant to the Companies Act,Chap.81:01has elapsed.

The Company is currently assessing its options in respect of the remaining minority shareholding and will make further announcements in due course as appropriate.

This Notice is published pursuant to Section 64(1)(b) of the Trinidad and Tobago Securities Act, 2012.


Source:
The Trinidad and Tobago Stock Exchange Limited
Wednesday 24 June 2026