Takeover update - OIO consent received

Rakon Limited
T: +64 9 573 5554
8 Sylvia Park Road, Mt Wellington, Auckland 1060, New Zealand
Private Bag 99943, Newmarket, Auckland 1149, New Zealand


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31 March 2026
Takeover update - OIO consent received
On 9 February 2026, Bourns, Inc. (Bourns) made a full takeover offer to acquire all of the equity
securities in Rakon Limited (NZX:RAK), being ordinary shares and certain unlisted employee share
rights, for $1.55 per equity security (the Offer). The Independent Directors recommended in the
Target Company Statement, dated 23 February 2026, that shareholders accept the Offer.
Bourns has now received approval under the Overseas Investment Act to acquire up to 100% of the
shares in Rakon. The Offer still remains conditional on several other matters (including receipt of
regulatory consent under the French Monetary and Financial Code and satisfaction or waiver of the
90% minimum acceptance condition).
As at close of day on 29 March 2026, Bourns has received acceptances under the Offer in respect of
78.75% of the Rakon shares.
The Offer closes at 11.59pm on 7 May 2026.
Shareholders are encouraged to seek professional financial, taxation or legal advice if they have any
questions in respect of the Offer.
Rakon will continue to keep shareholders informed.
For media enquiries contact: emmahart@hpmedia.com +64 220710551
Announcement authorised by:
Christopher Swasbrook (Independent Director) and Greg Barclay (Independent Director)