Notices Closed 27 Jun 2026
ITANZ Addendum: 51% Acquisition of ITANZ Infinity Pty Ltd — EGM 27 June 2026
ITANZ Addendum · Islamabad · The Nation,
Notice advertisement published in The Nation on Thursday, 25 June 2026, listed under Islamabad. Issued by ITANZ Addendum. The last date printed on the advertisement was Saturday, 27 June 2026 and has passed.
The original image is temporarily unavailable. Use the source link or the details below. Open the full-size clipping Advertisement details
Issuer: ITANZ Technologies Limited. This addendum to the statement of material information relates to the Extraordinary General Meeting (EGM) to be held on 27 June 2026 and provides clarifications on winding-up proceedings and the proposed acquisition of a 51% equity interest in ITANZ Infinity Pty Ltd.
Key matters disclosed:
| Purpose | Clarification of Westpac winding-up proceedings, Deed of Forbearance, and terms of the proposed 51% acquisition and share subscription. |
| EGM Date | 2026-06-27 |
| Proposed transaction | Acquisition of 51% equity interest in ITANZ Infinity Pty Ltd by ITANZ Technologies Limited. |
| Deed of Forbearance | ITANZ Infinity Pty Ltd and Westpac Banking Corporation entered a Deed of Forbearance under which Westpac agreed to withdraw winding-up proceedings and forbear from enforcing rights, subject to agreed terms and compliance by ITANZ Infinity Pty Ltd. |
| Share subscription protections | The Share Subscription Agreement contains contractual protections in favour of ITANZ Technologies Limited, including obligations on ITANZ Infinity Pty Ltd and mechanisms to protect the acquirer's position if Westpac enforces or circumstances change. |
| Payment structure | Subscription consideration is structured as deferred consideration payable in four annual instalments, with the first instalment due one year from the date of subscription. |
| Reversal mechanism | If ITANZ Infinity Pty Ltd fails to comply with the Deed of Forbearance or related obligations, the Share Subscription Agreement provides contractual mechanisms enabling reversal of the transaction and restoration of the company's prior capital structure. |
| Purchase consideration (stated) | AUD 21.857 million (as set out in the addendum). |
| Independent valuation | Valuation reports by an independent firm of Chartered Accountants: pre-money value stated as AUD 22,242,773 and post-money value stated as AUD 45,393,414. Copies of both reports will be available for inspection at the EGM. |
| Inspection & reports | Copies of the independent valuation reports will be made available for inspection by attendees of the EGM. |
| Authorized signatory | H. M. Maqsood Munshi, Company Secretary, on behalf of ITANZ Technologies Limited. |
No district, city, or province is specified in the addendum. The addendum should be read in full for detailed legal and financial terms; the EGM on 27 June 2026 is the meeting to consider the matters described.
Published in The Nation on Thursday, 25 June 2026. DailyAds.pk indexes newspaper advertisements; the original notice and the issuing organisation remain the source for final terms and eligibility.
Questions about this notice
- What is the last date for this notice?
- The advertisement prints Saturday, 27 June 2026. That date has passed.
- Which newspaper published this notice?
- The Nation, in the edition of Thursday, 25 June 2026.
- Which city is this notice for?
- Islamabad — the location listed for this advertisement.
- How do I respond to this notice?
- Follow the instructions printed in the clipping; the advertiser’s own page is linked from this one. Applications are not submitted through this page.
More notices
Also in The Nation · 25 Jun 2026
