Notice

Off-market takeover bid by Crimson Consulting Australia Pty Ltd to purchase all of the shares in Kip McGrath Education Centres Limited (ASX code: KME)

What's this about:
  • ASX Market
  • Clearing
  • Settlement
  • Operations
  • Market Data
  • Compliance
  • Risk
Notice reference number: 0958.26.08
Date published: 17/08/26
Effective as of: 17/08/26
Last updated: 17/08/26

This Notice is being issued to provide Participants with further information in relation to the bid and details the acceptance process through CHESS.

What do I need to do by when?

Bid Details:

Bidder:

Crimson Consulting Australia Pty Ltd

UIC:

11862

Registry/Agent:

Automic Registry Services

Target Issuer:

Kip McGrath Education Centres Limited

Target ASX Code:

KME

Takeover Code/Consideration

KME001 – $0.73 cash for each KME Share held

 

Offer Terms:

Offer Open Date:

17 August 2026

Offer Close Date:

7:00pm (Melbourne time) on 18 September 2026

 

CHESS will process acceptance messages until 7:00pm (Melbourne time) on 18 September 2026 in the event that the bid is extended, such other time as may be notified by bidder to the market.

The KME bid is conditional and a shareholder may only accept the offer in relation to all of their KME shares held at the time the acceptance is processed.

If you have any questions regarding the Offer or require further information, please contact please call the Crimson Offer Information Line on 1300 109 769 (within Australia) or +61 2 8072 1443 (from outside Australia), Monday to Friday (excluding public holidays) between 8.30am and 7.00pm (Melbourne time).

Need more information?

Issued by

Equity Operations

Contact information


1800 814 051
chesshelp@asx.com.au

General Information

Participants should refer to Section 13 of the CHESS Procedure Guidelines for Participants and Section 14 of the ASX Settlement Operating Rules for further information concerning the processing of Takeover Acceptance Messages for a CHESS Holding of securities.  Some of these issues are summarised below.

A Participant must initiate acceptance of an offer by transmission of an EIS type ‘031’ message (Takeover Acceptance) where the securities in question are held in a CHESS Holding. The Participant will receive a ‘032’ message (Effected Takeover Acceptance) from CHESS in response.

In addition to the electronic notification to the Participant, paper notification will be sent directly to the Holder as securities are reserved in an offer-accepted subposition. Any change to the balance of securities in subposition will generate further electronic advice to the Participant and paper advice to the Holder.

Where a Participant receives instructions from a Sponsored Holder, the Participant is required under the ASX Settlement Operating Rules to initiate acceptance of an offer:

if the Holder specifies the time when or by which the offer must be accepted, in accordance with those instructions; otherwise

by End of Day on the date of receipt of instructions from the Holder. Where the offer closes on the date of receipt of instructions then prior to the close of the offer.

Participants should therefore retain, as a minimum, a record of the date on which instructions to accept an offer are received from a Sponsored Holder.

Disclaimer