Proposed acquisition of control of Solution Dynamics
MARKET RELEASE
12 September 2024
Proposed acquisition of controlling interest in Solution Dynamics
Being AI Limited (NZX: BAI) advises that its wholly-owned subsidiary Being BidCo Limited (Being
BidCo), has approached Solution Dynamics Limited (NZX: SDL) to indicate that it is considering
making a takeover offer to acquire a controlling interest in SDL. Being BidCo has indicated to
SDL that it would be prepared to acquire SDL shares through either a 100% BAI scrip option or
an offer for a combination of cash and BAI scrip.
Being BidCo believes the proposed takeover offer is a compelling and unique opportunity for SDL
shareholders to realise significant value for their investment in SDL, and an opportunity to
participate in the growth of Being AI.
Shareholders will have an opportunity to discuss this initiative at BAI’s annual meeting being held
at 10am later this morning. Further detail will be provided if a formal takeover notice is provided
to SDL.
Contact:
Geoff Senescall
Tel: +64 21 481 234
Email: senescall@senescallakers.co.n
Website: beingai.group
https://www.linkedin.com/company/beingaigroup
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
Other issuers discussed similar conditions around this time
Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.
- SDL — Solution Dynamics Limited: SDL 2024 Annual Shareholder Meeting2024-10-23
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- SDL — Solution Dynamics Limited: Non-Binding Indicative Offer Received2024-09-15
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- SDL — Solution Dynamics Limited: Major Customer RFP Update2024-11-26
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