Acceptance Level Update
Hena Holdings Ltd. has announced the closure of its mandatory final cash offer for Integrated Diagnostics Holdings PLC, which closed for acceptances at 1:00 p.m. on August 12, 2026. As of that time, Hena Holdings Ltd. had received valid acceptances for 41,002,326 IDH Shares, representing approximately 7.05% of the issued ordinary share capital. Combined with the 288,445,383 IDH Shares already held following a prior transaction, Hena Holdings Ltd. now controls a total of 329,447,709 IDH Shares, equating to approximately 56.67% of the company's issued ordinary share capital. The offer price was US$0.50 per share.
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(a company wholly owned by Dr Hend El Sherbini and Dr Moamena Abdul Wahab Kamel)
Acceptance level update and confirmation of closure of Offer
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").
IDH Shareholders are reminded that the Offer became unconditional on 28 July 2026.
Acceptance level update and confirmation of Offer closure
In accordance with Rule 17 of the Code, Bidco confirms that, as at 1.00 p.m. yesterday 12 August 2026), Bidco had received valid acceptances of the Offer in respect of a total of 41,002,326 IDH Shares, which Bidco may count towards the satisfaction of the Acceptance Condition, representing approximately 7.05 per cent. of the existing issued ordinary share capital of IDH.
Therefore, as at 1.00 p.m. on 12 August 2026, Bidco counted, together with the 288,445,383 IDH Shares held by Bidco following completion of the Elliott Transaction, 329,447,709 IDH Shares, representing approximately 56.67 per cent. of the existing issued ordinary share capital of IDH, towards the satisfaction of the Acceptance Condition to the Offer.
Given that that 12 August 2026 was the last day for acceptances in the offer timetable, Bidco therefore announces that the Offer has closed for acceptances as of 1.00pm on 12 August 2026.
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.