Crimson Consulting Australia Lifts Stake in Kip McGrath Education Centres to 93.88% via Takeover Offer Acceptances

Mukul

05 November 2026 03:14 PM AEDT

Crimson Consulting Australia Lifts Stake in Kip McGrath Education Centres to 93.88% via Takeover Offer Acceptances

Image Source: Krish Capital Pty Ltd

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Kip McGrath Education Centres (ASX:KME) has received a notice of change of interests of substantial holder from Crimson Consulting Australia Pty Ltd, disclosing that its voting power in the company increased from 92.79% to 93.88% following the acquisition of 570,363 shares on 4 November 2026 through acceptances of its off-market takeover offer.

Key Points

Crimson Consulting Australia Pty Ltd acquired 570,363 fully paid ordinary shares on 4 November 2026 via acceptances of its off-market takeover offer.
Voting power held by Crimson Australia and its associates increased from 92.79% to 93.88%, based on 52,490,809 shares on issue.
Total shares in which Crimson Australia holds a relevant interest now stand at 49,278,280.
Crimson Consulting Limited (New Zealand) holds a relevant interest in shares as the controller of Crimson Australia under section 608(3) of the Corporations Act 2001.

Off-Market Takeover Offer Background

According to the filing, the acquisition arose from acceptances of an off-market takeover offer made by Crimson Australia under its bidder's statement dated 30 July 2026. The offer was subsequently supplemented by a first supplementary bidder's statement dated 7 August 2026, a second supplementary bidder's statement dated 11 September 2026, a third supplementary bidder's statement dated 12 October 2026, and a fourth supplementary bidder's statement dated 23 October 2026. The consideration given in relation to the change was described as being in accordance with the offer terms.

Present Relevant Interests Held by Crimson Australia

The filing sets out the present relevant interests following the change. Crimson Australia holds a direct relevant interest in 42,427,212 shares as registered holder under section 608(1)(a) of the Corporations Act 2001. A further 6,851,068 shares are held as a relevant interest through acceptances of the offer, with those shares yet to be transferred into the name of Crimson Australia. Crimson Consulting Limited, as controller of Crimson Australia, also holds a relevant interest in both tranches of shares under section 608(3) of the Corporations Act 2001.

Parties and Registered Addresses

The substantial holder named in the filing is Crimson Consulting Australia Pty Ltd, ACN 600 634 991, with a registered address at Level 6, 8 Hill Street, Surry Hills NSW 2010. Its controller, Crimson Consulting Limited, holds a New Zealand Business Number of 9429041095355 and is registered at KPMG, 18 Viaduct Harbour Avenue, Maritime Square, Auckland, 1010. The notice was signed by Harry Rillstone in his capacity as Secretary and was dated 5 November 2026.

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