5G Networks Prolongs Offer Period for AuCyber Shares by Three Weeks

Extension of Takeover Offer Period

5G Networks Limited (ASX:5GN) has officially extended the offer period for its on-market takeover bid for AuCyber Limited (ASX:CYB) shares. The new deadline for shareholders to accept the offer is now the close of trading on 17 February 2025, a move announced by Morgans Financial Limited, the broker managing the bid.

This extension follows the original bidder's statement dated 20 December 2024 and a supplementary statement issued on 28 January 2025. While the announcement does not specify reasons for the extension, such moves typically allow the bidder additional time to secure sufficient acceptances or to respond to market conditions and shareholder sentiment.

Strategic Implications for 5G Networks and AuCyber

5G Networks’ pursuit of AuCyber reflects a strategic effort to consolidate its position in the technology and cybersecurity sectors. By acquiring full ownership of AuCyber, 5GN aims to integrate complementary capabilities and expand its service offerings. The extension suggests that 5GN remains committed to completing the acquisition despite any challenges in securing shareholder approval within the original timeframe.

For AuCyber shareholders, the extended offer period provides additional time to evaluate the bid and consider their options. The lack of disclosed changes to the offer terms means shareholders must weigh the current proposal against their expectations for the company’s future value and market prospects.

Regulatory Compliance and Market Signals

The announcement complies with ASIC Market Integrity Rules, ensuring transparency and fairness in the takeover process. Morgans Financial Limited’s role as broker underscores the formal and regulated nature of the bid. Market participants will be watching closely for any further developments, including potential counteroffers or changes in shareholder sentiment that could influence the outcome.

While the extension itself is not unusual in takeover scenarios, it signals that the acquisition process is still active and potentially competitive. Investors and analysts should monitor subsequent announcements for updates on acceptance levels and any strategic shifts by either party.