Kip McGrath Education Centres Limited (ASX:KME) has had its off-market takeover offer close, with acquirer Crimson Consulting Australia Pty Ltd confirming it now holds a relevant interest in 93.88% of Kip McGrath's shares following the closure of the offer at 7.00pm Melbourne time on 4 November 2026.

Key Points

  • Crimson Australia's off-market takeover offer for all Kip McGrath shares closed at 7.00pm (Melbourne time) on 4 November 2026
  • Crimson Australia now holds a relevant interest in 93.88% of Kip McGrath's shares
  • Crimson Australia has commenced the compulsory acquisition process for the remaining Kip McGrath shares
  • Crimson Australia is a wholly owned subsidiary of Crimson Consulting Limited, a New Zealand incorporated company

Takeover Offer Closure Details

Crimson Consulting Australia Pty Ltd (ACN 600 634 991), a wholly owned subsidiary of Crimson Consulting Limited (New Zealand company number 4957459), confirmed that its off-market takeover offer under Chapter 6 of the Corporations Act 2001 (Cth) for all shares in Kip McGrath Education Centres Limited (ACN 003 415 889) closed at 7.00pm Melbourne time on 4 November 2026. The filing disclosing the closure was released on 5 November 2026. The offer was made for all shares in Kip McGrath Education Centres Limited.

Crimson Australia's Resulting Shareholding Position

Following the close of the Takeover Offer, Crimson Australia disclosed that it now holds a relevant interest in 93.88% of Kip McGrath's shares. The filing does not disclose the number of shares held or the total number of shares on issue in Kip McGrath Education Centres Limited. No details regarding the offer price or the total number of shares acquired during the offer period were provided in the filing.

Compulsory Acquisition Process Commenced

According to the filing, Crimson Australia announced on 4 November 2026 that it had commenced the compulsory acquisition process for the remaining Kip McGrath shares not acquired under the Takeover Offer. The filing does not disclose further details regarding the terms, timeline, or price applicable to the compulsory acquisition process. No additional information regarding the structure or completion date of the compulsory acquisition was included in the filing.