Beam Dental commences compulsory acquisition of Pacific Smiles shares

Beam Dental Bidco Pty Ltd ("Bidco") has commenced the compulsory acquisition process for all outstanding ordinary shares in Pacific Smiles Group Limited ("Pacific Smiles"). This action follows Bidco's off-market takeover bid, dated October 15, 2025, during which it acquired a relevant interest in over 90% of Pacific Smiles' shares and more than 75% of the shares it offered to acquire.

Shareholders who have not yet accepted the offer can still do so until 7:00pm (Sydney time) on November 17, 2025. The compulsory acquisition will proceed under Part 6A.1 of the Corporations Act 2001 (Cth), with shareholders receiving the same cash consideration of AUD 2.20 per Pacific Smiles share as outlined in the offer.

The compulsory acquisition process is expected to take up to six weeks. The Australian Securities and Investments Commission (ASIC) was lodged with the notice on October 24, 2025. Once completed, Bidco will pay Pacific Smiles the consideration to hold as a bare trustee, and shareholders will receive a claim form to access their entitlements.