VONEX LIMITED..(VN8)

The securities of Vonex Limited will be suspended from quotation at the close of trading on Thursday, 9 October 2025 under Listing Rule 17.2, following lodgement of the Supreme Court of New South Wales orders with ASIC approving the scheme of arrangement by which Maxo Telecommunications Pty Ltd will acquire all of the issued shares in VN8.

The following ordinary fully paid deferred shares of Vonex Limited will be suspended from quotation immediately under Listing Rule 17.3, pending finalisation of the off market takeover offer from Swoop Telecommunications Pty Ltd to acquire up to 100% of the issued capital that it does not own in VN8. Security class code: VN8N.

The suspension of trading in the securities of Vonex Limited will be lifted immediately, following the release by VN8 of an announcement regarding a material acquisition.

Vonex has entered into a conditional, non-binding term sheet for the purchase of part of MNF Group's Direct Business. The Proposed Transaction would be transformational for Vonex delivering considerable scale with more than 5,250 new business customers, more than 100 new Australian telco channel partners and almost doubling Vonex's annualised recurring revenue on a full year basis. The Direct Business (to be acquired by Vonex in the Proposed Transaction) delivered revenue of $15.6m in CY2020 of which approximately 89% was derived from the Business segment and approximately 11% was derived from the Residential segment. This business reported an EBITDA of approximately $5m in CY2020. The total proposed consideration is $31 million in cash payable in installments with $20 million payable on completion and intended to be funded predominantly via a debt facility and Vonex's existing cash. Deferred consideration is payable in cash in monthly installments over 12 months.

MNF Group has entered into a non-binding conditional term sheet for the sale of part of its Direct Business to Vonex Limited for $31 million. The transaction and signing of a binding sale agreement is conditional on satisfactory outcomes of due diligence, Vonex receiving funding and board approvals of both parties. As part of the term sheet, MNF and Vonex intend to enter into a binding 5-year Symbio wholesale supply agreement for phone numbers and minutes. The wholesale agreement is expected to retain in excess of $3.0 million per annum in long term revenue.

The securities of Vonex Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of VN8, pending the release of an announcement regarding a material acquisition.

listed entity carried for record purposes only (see VNX for the previous listing and delisting of this company and its former names)