Acceptance Level Update
Hena Holdings Ltd. has provided an update on its mandatory cash offer for Integrated Diagnostics Holdings PLC, stating that as of July 23, 2026, it had received valid acceptances for 900 IDH Shares, representing approximately 0.00% of the issued ordinary share capital. Including the 288,445,383 shares acquired from Elliott, Hena Holdings now controls approximately 49.61% of IDH's issued ordinary share capital. The offer, priced at US$0.50 per share, remains open for acceptance until July 29, 2026.
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(a company wholly owned by Dr Hend El Sherbini and Dr Moamena Abdul Wahab Kamel)
Day 15 Acceptance Level Update
Introduction
On 23 June 2026, Hena Holdings Ltd. ("Bidco"), a company wholly owned by Dr Hend El Sherbini (the Chief Executive Officer of IDH) and her mother, Dr Moamena Abdul Wahab Kamel, announced that it had acquired 126,000,000 IDH Shares from Actis IDH Limited (the "Seller"), an entity controlled by funds managed by Elliott Investment Management L.P. ("Elliott"), which completed on 23 June 2026 (the "Elliott Transaction") and that, as a result of the Elliott Transaction, under Rule 9 of the Takeover Code, Bidco was required to make a mandatory cash offer for the IDH Shares not already held by Bidco. Accordingly, on 23 June 2026, Bidco announced a mandatory final cash offer (the "Offer") to be made by Bidco for all of the IDH Shares not already held by Bidco at a price of US$0.50 (50 cents) in cash per IDH Share (the "Rule 2.7 Announcement").
Acceptance level update
In accordance with Rule 17 of the Code, Bidco confirms that, as at 5.00 p.m. yesterday (23 July 2026), being the last Business Day prior to the date of this Announcement, Bidco had received valid acceptances of the Offer in respect of a total of 900 IDH Shares, representing approximately 0.00 per cent. of the existing issued ordinary share capital of IDH which Bidco may count towards the satisfaction of the Acceptance Condition.
Therefore, as at 5.00 p.m. on 23 July 2026, Bidco counted, together with the 288,445,383 IDH Shares held by Bidco following completion of the Elliott Transaction, 288,446,283 IDH Shares, representing approximately 49.61 per cent. of the existing issued ordinary share capital of IDH, towards the satisfaction of the Acceptance Condition to the Offer.
The Offer, which remains subject to the terms and conditions set out in the Offer Document and the Form of Acceptance (in respect of IDH Shareholders who hold their IDH Shares in certificated form only), shall remain open for acceptance by all IDH Shareholders until 1.00 p.m. on 29 July 2026 or, if the Offer becomes unconditional prior to that time and date, then for at least another 14 days thereafter.
Action to be taken by IDH Shareholders
Dealing and Opening Position Disclosure Requirements
Requesting hard copy documents
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.