Australia's Noumi rises on accepting buyout offer from largest shareholder

Noumi

21/07/2026 02:17

** Shares of Noumi NOU.AX rise as much as 19.1% to A$0.125 in early trade, posting their biggest intraday pct jump since late October 2022
** Under a scheme of arrangement, largest shareholder Arrovest to acquire all shares it does not already own in consumer goods maker Noumi
** Offer price at A$0.1234 per share, a 17.5% premium to stock's last close
** Co says independent board committee unanimously recommends shareholders vote in favour of scheme
** Separately, co reports consol 4Q26 rev of A$158.6 million ($111.05 million), up 2.2% from last year
** More than 112,000 shares change hands vs 30-day avg volume of around 102,000 shares
** Stock down 11.5% YTD, including the day's moves
($1 = 1.4282 Australian dollars)

(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com;))