SYMBIO HOLDINGS LIMITED(SYM)

delisted at entity's request under Listing Rule 17.11

we understand Aussie Broadband was successful with an offer where the following was the consideration paid for the shares: Default ($1.91 cash and 0.192 ABB shares), Max. cash ($2.3174 and 0.0881 ABB shares), 100% scrip (0.6792 ABB shares)

The Scheme of Arrangement between Symbio and its shareholders which was approved by the relevant Symbio shareholders on 7 February 2024 and the Federal Court of Australia on 16 February 2024 has been implemented. Scheme Participants have today been paid: the Scheme Consideration for each Symbio share they held at 5:00pm (Sydney time) on 21 February 2024 (being the Scheme Record Date); and the Agreed Dividend for each Symbio share they held at 5:00pm (Sydney time) on 19 February 2024 (being the Agreed Dividend Record Date).

Based on the Elections made prior to the Election Date and the final status of the Register as at the Scheme Record Date, the Aggregate Maximum Cash Consideration has exceeded the Available Cash Consideration, in line with the indicative Scaleback Arrangements which were announced on 5 February 2024. As a consequence, Symbio confirms that: the Cash Scaleback Mechanism applies to Symbio Shareholders who validly elected to receive Maximum Cash Consideration (other than Foreign Scheme Shareholders and Small Holders); and no Scaleback Arrangements will apply to Symbio Shareholders who validly elected to receive Maximum Scrip Consideration.

Symbio reports 1H24 Results. Recurring revenue up 13% to $64.4 million (1H23: $57.2 million). Recurring gross margin up 19% to $38.1 million (1H23: $32.1 million). EBITDA up 41% to $16.3 million (1H23: $11.6 million). NPATA up 59% to $7.0 million (1H23: $4.4 million). Earnings per share of -2.3 cents per share (1H23: 0.1 per share). Strong balance sheet with $45.9 million in cash and no drawn debt as at 31 December 2023. Symbio shareholders vote in favour of Aussie Broadband Scheme. Special dividend of $0.35 fully franked per Symbio share, to be paid on 28 February 2024.

The company lodges its Half Yearly Report and Accounts.

The company releases a notification of cessation of securities.

The securities of Symbio Holdings Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of SYM, following lodgement of the Federal Court of Australia orders with ASIC approving the scheme of arrangement by which Aussie Broadband Limited will acquire all of the issued shares in SYM.

name changed from MNF Group Limited