Notices Closed 27 Jun 2026
iTANZ Addendum: Material Information for Extraordinary General Meeting – 27 June 2026
iTANZ Addendum · Karachi · The Nation,
Notice advertisement published in The Nation on Thursday, 25 June 2026, listed under Karachi. 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
iTANZ Technologies Limited has issued an addendum to the statement of material information annexed to the notice of its Extraordinary General Meeting (EGM) to be held on 27 June 2026. The addendum provides shareholders with updates and clarifications relating to the proposed acquisition of a 51% equity interest in ITANZ Infinity Pty Ltd and related arrangements with Westpac Banking Corporation.
Key details made available to shareholders include the structure of forbearance and settlement arrangements with Westpac Banking Corporation, protections provided under the Share Subscription Agreement, the deferred consideration payment mechanism, and the independent valuation basis for the proposed purchase consideration.
| Issuer | iTANZ Technologies Limited |
|---|---|
| Purpose | Addendum to material information regarding proposed acquisition of 51% interest in ITANZ Infinity Pty Ltd and related creditor arrangements |
| Key transaction terms | Share Subscription Agreement with ITANZ Infinity Pty Ltd and related Deed of Forbearance with Westpac Banking Corporation; protections and indemnities for iTANZ Technologies Limited detailed in the addendum |
| Consideration & payment | Purchase consideration determined at AUD 21,857,000; consideration structured as deferred payments over a multi-year schedule, with the first instalment becoming due one year after subscription (ten equal annual instalments referenced) |
| Valuation | Independent valuations from Chartered Accountants were obtained to determine fair value and consideration; copies of valuation reports are available for inspection by EGM attendees |
| Meeting date | 2026-06-27 |
| Contact / Signatory | H. M. Maqsood Munshi, Company Secretary |
Shareholders and attendees of the EGM are directed to the addendum for full details of the forbearance arrangements, subscription protections, repayment timetable, and the conditions under which the subscription consideration may be repaid or cease. Copies of the independent valuation reports will be made available for inspection by attendees at the EGM.
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.
More notices
Also in The Nation · 25 Jun 2026
