Highlights

• Crimson increased its cash Takeover offer for Kip McGrath shares from AUD 0.73 to AUD 0.75.

• The bidder reached a relevant interest of 91.40% by 29 October 2026, according to the source.

• A compulsory Acquisition notice followed on 4 November, ahead of the subsequent offer closure announcement.

• Kip McGrath operates tutoring education centres through a Franchise network serving children and their families.

A takeover offer has moved into its final ownership stages for Kip McGrath Education Centres Limited (ASX:KME). Crimson’s increased cash bid secured more than 90% of the company’s shares.

Takeover Offer Progress

Crimson Consulting Australia, a Wholly Owned Subsidiary of New Zealand-incorporated Crimson Consulting Limited, made an off-market cash takeover offer for all the shares in Kip McGrath. the offer began at AUD 0.73 a share in late July 2026, which it described as a 62% premium to the last close, and that Kip McGrath’s directors initially recommended shareholders reject it. The bid was later raised to AUD 0.75. . on 12 October that the board reversed its earlier position and backed the higher offer. On 30 October it reported that Crimson held a relevant interest of 91.40% as of 29 October, and that the offer would close at 7pm Melbourne time on 4 November 2026. ASX announcement headlines show the sequence since then. A “Notice of Compulsory Acquisition” was lodged on 4 November, a “Close of Offer” notice followed on 5 November, and two “Initial Director’s Interest Notice” filings were lodged on 5 November.

What compulsory acquisition means

Once a bidder passes 90% under the Corporations Act, it can compulsorily acquire the remaining shares. Crimson intended to do so and would send notices to shareholders who had not accepted. It noted that holders who accepted before the offer closed would be paid sooner than those waiting for compulsory acquisition. With the shares at AUD 0.70 against an offer of AUD 0.75, and almost no volume, the quoted price may reflect only a few small trades by holders who have not yet accepted, rather than broad market interest.

Tutoring Network

Kip McGrath describes itself as a franchisor of education centres providing tutoring services for children. ASX data show Revenue of about AUD 30.1 million for the 2026 financial year, compared with AUD 31.5 million a year earlier, and a Market Value of about AUD 36 million at the current price. The company paid a fully Franked Dividend of 6 cents a share, with an ex-dividend date of 1 October 2026. . the FY26 result as a modest profit on a debt-free balance sheet; its stated profit of AUD 2.3 million differs slightly from the AUD 2.5 million Net Income shown in ASX data.

Next Milestones

Remaining shareholders face timing and process uncertainty until compulsory acquisition is completed. Any further information would come through ASX announcements from the company or the bidder.