공시 • Oct 20
Maxo Telecommunications Pty Ltd completed the acquisition of remaining 30.62% stake in Vonex Limited (ASX:VN8) from Swoop Telecommunications Pty Limited. Maxo Telecommunications Pty Ltd entered into a Scheme Implementation Deed to acquire remaining 30.62% stake in Vonex Limited (ASX:VN8) from Swoop Telecommunications Pty Limited for AUD 8.3 million on July 4, 2025. As part of the acquisition, Maxo Telecommunications will acquire 230 million shares at a price of AUD 0.036 per share by way of a scheme of arrangement. If the Scheme is approved, this will result in total cash proceeds of approximately AUD 6.17 million for Swoop. Swoop has provided a voting intention statement to Vonex confirming its intention to vote all the 171,282,368 Vonex shares owned by it in favor of the scheme. Upon completion of the Scheme, Swoop will no longer hold an equity interest in Vonex. Upon completion, Maxo Telecommunications Pty Ltd will own 100% stake in Vonex Limited and will apply to ASX to suspend trading on the ASX with effect from the close of trading on the Effective Date. Maxo Telecommunications has a reasonable basis to expect that it will, by the Implementation Date have available to it sufficient cash amounts (whether from internal cash reserves or external funding arrangements, including equity and debt financing or a combination of both) to satisfy the Bidder’s obligation to provide or procure the provision of the Scheme Consideration in accordance with its obligations under this document, the Scheme and the Deed Poll.
The transaction is subject to approval of Vonex shareholders which is currently expected to be held in or around late September 2025, subject to regulatory approval, other customary conditions to a scheme of arrangement such as court approval from Federal Court of Australia and an Independent Expert concluding. The deal has been unanimously approved by the board of directors of Vonex recommends that shareholders vote in favor of the scheme. Vonex is bound by customary exclusivity provisions including “no shop” and “no talk” restrictions, a notification obligation and a matching right in favor of MaxoTel, subject to Vonex Directors’ fiduciary obligations where appropriate. The Scheme is expected to be implemented around October 15, 2025. As of July 29, 2025, an independent expert’s report in respect of the Scheme has been obtained and a draft Scheme booklet, containing the IER and draft notice of meeting has today been lodged with the Australian Securities and Investments Commission (ASIC) for their review. The The Scheme Meeting, at which Vonex shareholders will vote on the proposed Scheme, is scheduled to be held at 10:00 am Brisbane time on Tuesday September 23, 2025. The Independent Directors unanimously recommend that, in the absence of a superior proposal and subject to the Independent Expert continuing to conclude that the Scheme is in the best interests of Vonex Shareholders, Vonex Shareholders vote in favor of the Scheme. As of August 21, 2025, the scheme is expected to be implemented on October 20, 2025. As of September 23, 2025, the transaction has been approved by the shareholders of Vonex Limited.
Latimer Partners Pty Ltd acted as financial advisor to Vonex Limited. Stefan Luke of Carter Newell Lawyers acted as legal advisor to Vonex Limited. Computershare Investor Services Pty Limited acted as transfer agent/registrar to Vonex Limited. Titan Partners Group LLC acted as fairness opinion provider to Vonex Limited.
Maxo Telecommunications Pty Ltd completed the acquisition of remaining 30.62% stake in Vonex Limited (ASX:VN8) from Swoop Telecommunications Pty Limited on October 20, 2025. With this effect, all existing directors (other than Michael Blake) and the company secretary have resigned, Alex Rich has been appointed as Director and Company Secretary, and Elyse Rich has been appointed as a Director. Trading in Vonex shares on the ASX was suspended at the close of October 9, 2025 as previously announced, and expects to be delisted from the ASX tomorrow. 공시 • Feb 04
Vonex Limited has filed a Follow-on Equity Offering in the amount of AUD 13.923165 million. Vonex Limited has filed a Follow-on Equity Offering in the amount of AUD 13.923165 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 376,301,763
Price\Range: AUD 0.037
Transaction Features: Rights Offering 공시 • Jan 30
Maxo Telecommunications Pty Ltd cancelled the Scheme Implementation Deed to acquire Vonex Limited (ASX:VN8) Maxo Telecommunications Pty Ltd agreed to acquire Vonex Limited (ASX:VN8) for AUD16.5 million on June 25, 2024. A cash consideration valued at AUD 0.044 per share will be paid by the buyer. As part of consideration, an undisclosed value is paid towards common equity of Vonex Limited. In case of termination of transaction, buyer will pay a termination fee of AUD 0.35 million and seller will pay a termination fee of AUD 0.35 million. The transaction is subject to approval of merger agreement by target board, approval of offer by target shareholders and subject to court approval. The deal has been approved by the board. The expected completion of the transaction is November 11, 2024. As on October 17, 2024, Offer period will start from October 31, 2024 till December 2, 2024. As of October 22, 2024, Vonex announced the scheme meeting had been postponed, following the Supreme Court of New South Wales making orders postponing the meeting from 23 October 2024 to 9 December 2024. As a consequence of the Court orders postponing the Scheme Meeting, the indicative timetable for the Scheme has changed, with the Scheme Implementation Date to be on December 30 2024. As of December 9, 2024, following the lodgment of the Swoop Supplementary Bidder’s Statement to increase the consideration offered under the Swoop Takeover Bid from 1 share in Vonex Limited for every 3.9 Vonex shares to 1 SWP Share for every 3.8 Vonex shares, Maxo Telecommunications Pty Ltd seeks to extend the offer period under the Takeover Bid to 23 December 2024, unless the offer period is further extended or withdrawn. Morgans Financial Limited, as MaxoTel’s broker under the Takeover Bid, announces that the offer period under the Takeover Bid has been extended to the close of trading on ASX on 23 December 2024. The Swoop Takeover Bid remains an all-scrip offer. As of December 23, 2024, the Board of Directors of unanimously recommend its shareholders to reject the Swoop Telecommunications Pty Limited Offer. As on December 23, 2024, Maxo Telecommunications Pty Ltd released to the Australian Securities Exchange a notice pursuant to section 649C(1) of the Corporations Act 2001 advising that the Offer Period has been varied by extending the period during which the Offer will remain open for acceptance until close of ordinary
trading on the ASX on January 20, 2025.
Vonex is being advised on the proposed Scheme by Latimer Partners as financial adviser and McCullough Robertson as legal adviser. Gadens Lawyers acted as legal advisor to Vonex. As of December 10, 2024, Maxo Telecommunications Pty Ltd acquired 47.18% of Vonex Limited (ASX:VN8).
Maxo Telecommunications Pty Ltd cancelled the Scheme Implementation Deed to acquire Vonex Limited (ASX:VN8) on January 28, 2025. Board Change • Dec 31
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Chairman Stephe Wilks was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Oct 28
Vonex Limited, Annual General Meeting, Nov 26, 2024 Vonex Limited, Annual General Meeting, Nov 26, 2024. Location: level 6, 303 coronation drive, milton queensland, Australia Reported Earnings • Aug 20
Full year 2024 earnings released: AU$0.004 loss per share (vs AU$0.068 loss in FY 2023) Full year 2024 results: AU$0.004 loss per share (improved from AU$0.068 loss in FY 2023). Revenue: AU$48.2m (up 6.0% from FY 2023). Net loss: AU$1.34m (loss narrowed 94% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 36% per year, which means it is performing significantly worse than earnings. 
