Ingenia Grants Warburg Pincus Due Diligence on $5.25 Bid

Ingenia (ASX:INA) has extended talks with Warburg Pincus on a process deed beyond the 19 October condition date and opened due diligence, while the $5.25 proposal remains non-binding.

Warburg Pincus's Further Revised Indicative Proposal is to acquire all Ingenia securities by interconditional scheme of arrangement and trust schemes at $5.25 cash per stapled security, which will not be reduced by any distribution of up to $0.05 per stapled security for the half year ending 31 December 2026. A condition of the proposal was that the parties sign a mutually agreeable process deed by 19 October 2026. Ingenia says considerable progress has been made, and the parties have agreed to seek to agree a process deed by no later than Friday, 23 October 2026. In the interim, Ingenia will allow Warburg Pincus to conduct comprehensive due diligence. Ingenia continues to comply with its scheme implementation deed with Peet Limited dated 26 August 2026 and to work towards implementing its proposed acquisition of Peet.

The Board has not determined that the proposal is a Bidder Superior Proposal under the Peet deed. There is no certainty of a formal binding offer or that any transaction will eventuate, and securityholders need take no action.