The board of the dual-listed payment technology company has recommended that shareholders vote in favour of a deal to sell the company for $1.20 a share.
Her long tenure on the board has been the subject of speculation in the investment community recently.
The goal of near-doubling revenue within five years follows a forecast dip in revenue for FY25.
However, the retailer’s boss says any drawdown will be ‘petty cash’ for the company.
Large format retail investor has increased its debt headroom by $100m to fund the purchase, with an offer to raise up to $62.5m in convertible notes.
Firm sees investment company attractively priced with opportunities for its datacentre and US energy holdings.
Executives forfeit short-term incentives ‘in light of the group’s poor financial performance’.
The company is trading at a record-high multiple, analysts say.
Chair David Kirk says the company is materially undervalued.
The Aussie PE abandoned a board spill attempt at the listed cinema software business last November.
