The Independent Board Committee of DTI Group Ltd (ASX:DTI) has formally recommended that shareholders accept the on-market takeover bid from Finico Pty Ltd.
In its Target’s Statement lodged today, the board unanimously advised investors to take the $0.012 per share offer, in the absence of a superior proposal and pending final confirmation from an independent expert.
The recommendation marks a definitive turning point for the transit technology provider.
Finico, the Morris Family Trust’s investment vehicle, already commands a dominant 77.09% stake in the company.
With the board now firmly behind the bid, the path toward full control appears largely cleared.
For minority shareholders, the announcement provides a clear exit signal at a fixed price, particularly as liquidity remains a concern with such high insider ownership.
Acceptance levels following this recommendation will likely determine whether DTI remains a listed entity or faces eventual de-listing, signaling the end of its independent tenure on the ASX.