Beam Dental Offers $2.20 per Share as Takeover Closes 17 Nov

Beam Dental Approaches Complete Takeover

Beam Dental Bidco Pty Ltd has announced it now holds a commanding 99.31% relevant interest in Pacific Smiles Group Limited shares, effectively positioning itself to compulsorily acquire the remaining shares it does not already own. This milestone marks a near-completion of the off-market takeover bid that was initially launched on 10 October 2025.

The compulsory acquisition right allows Beam Dental to force the purchase of outstanding shares at the offer price of $2.20 per share, which is the same as the bid consideration. This price has been confirmed as final, with no plans to increase it. Shareholders who accept the offer before the closing date will receive payment sooner than those whose shares are compulsorily acquired.

Implications for Pacific Smiles Shareholders and Market Listing

Following the commencement of the compulsory acquisition process, Pacific Smiles shares will be suspended from trading on the Australian Securities Exchange (ASX) within five business days. Subsequently, the company will be removed from the official ASX list, typically within three business days after suspension. This delisting signals a significant transition for Pacific Smiles, moving from a publicly traded entity to a privately held company under Beam Dental’s control.

For shareholders, this means that after suspension, trading their shares on the open market will no longer be possible. The compulsory acquisition ensures all remaining shareholders receive the same price, but it also removes the option to sell shares independently. The offer closes definitively at 7, 00 pm Sydney time on Monday, 17 November 2025, with no extensions planned.

How Shareholders Can Act

Shareholders are urged to accept the offer promptly to benefit from earlier payment. Detailed instructions for acceptance are provided, catering to both issuer-sponsored and CHESS-registered shareholders, including online and physical acceptance options. The process is designed to be straightforward, with support available through a dedicated Bidco Offer Information Line.

Beam Dental’s legal advisors Clifford Chance have overseen the formal communication of this update, emphasizing the procedural compliance and transparency of the takeover process. The next steps will involve formal notifications regarding the timetable for compulsory acquisition and the final delisting date.