Soul Patts/Genesis Bump NBIO For Monash IVF (MVF AU)

• Back on the 24th November Monash IVF (MVF AU), a fertility provider, announced, and summarily rejected, a A$0.80/share non-binding indicative Offer from Soul Patts (SOL AU) & Genesis Capital.

• Soul Patts & Genesis have returned to the well with a A$0.90/share NBIO (”best & final”). The indicative terms are a ~47% premium to undisturbed and 34% to last close.

• Genesis/Soul Patts collectively hold 19.6% in MVF. Monash should engage.

Monash is illiquid - look away now if this is not your thing.

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The Trade:

• Trading ~17% adrift of the indicative terms.

• Monash should engage.

• I’d be picking up shares here, and on any weakness.