River Capital Pty Ltd. made an offer to acquire the remaining 80.25% stake in Locality Planning Energy Holdings Limited (ASX:LPE) for AUD 12 million on April 16, 2024. The offer price is AUD 0.08 per share. offer is expected to complete on June 7, 2024.

The board of directors of Locality Planning Energy advice that shareholders should currently TAKE NO ACTION in respect of the Offer. Gilbert and Tobin acted as legal advisor and Automic Group Pty Ltd acted as registrar to River Capital.