--- title: Majority of Adapt IT shareholders support Volaris takeover bid description: Adapt IT shareholders yesterday voted overwhelmingly in favour of Canadian software group Volaris’s buyout offer. --- [![Adapt IT Logo](https://www.adaptit.com/hs-fs/hubfs/Images/Adapt%20IT%20Logo.png?width=120&height=33&name=Adapt%20IT%20Logo.png "Adapt IT Logo")](https://www.adaptit.com/) - [Home](https://www.adaptit.com) - [About](https://www.adaptit.com/about-us) - [Executives](https://www.adaptit.com/directorate) - [People Connect](https://www.adaptit.com/careers) - [Working at Adapt IT](https://www.adaptit.com/careers#working-at-adaptit) - [Vacancies](https://adaptit.ci.hr) - [Learnerships](https://www.adaptit.com/careers#Learnerships) - [Bursaries](https://www.adaptit.com/careers#bursaries) - [History](https://www.adaptit.com/history-timeline) - [Partners](https://www.adaptit.com/partners/) - [Compliance](https://www.adaptit.com/investor-compliance) - [Governance](https://www.adaptit.com/corporate-governance) - [Acquisitions](https://www.adaptit.com/acquisitions) - [Services](https://www.adaptit.com/services) - [Admin, Support & ERP](https://www.adaptit.com/improving-our-clients-admin-support) - [Core Business Operations](https://www.adaptit.com/improving-our-clients-core-business-operations) - [Customer Experience](https://www.adaptit.com/improving-your-customer-experience) - [EPM Services](https://epm.adaptit.tech/) - [Public Sector](https://www.adaptit.com/improve-public-sector-delivery) - [Product & Services Brochure](https://hubs.la/Q03_TL1C0) - [Industries](https://www.adaptit.com/industries) - [Education](https://www.adaptit.com/education) - [Manufacturing](https://www.adaptit.com/manufacturing) - [Finance Professionals](https://www.adaptit.com/finance-professionals) - [Heavy Industries](https://www.adaptit.com/energy) - [Multi-Industries](https://epm.adaptit.tech/) - [Telecommunications](https://www.adaptit.com/telecommunications) - [Hospitality and Consumer Markets](https://www.adaptit.com/hospitality-consumer-markets) - [Security and Services](https://www.adaptit.com/security-services) - [Public Sector](https://www.adaptit.com/public-sector) - [ESG Sustainability](https://www.adaptit.com/sustainability) - [Empowerment](https://www.adaptit.com/empowerment) - [ESD](https://www.adaptit.com/esd) - [ESD Blog](https://www.adaptit.com/esd/esd-blog) - [Ethics](https://www.adaptit.com/ethics/) - [CSI](https://www.adaptit.com/csi/) - [Sustainability Reports](https://www.adaptit.com/sustainability-reports) - [JSE Archive](https://www.adaptit.com/archives) - [Corporate Action](https://www.adaptit.com/corporate-action) - [Investor Dashboard](https://www.adaptit.com/investor-dashboard) - [Reports](https://www.adaptit.com/investor-reports-new) - [Presentations and Webcasts](https://www.adaptit.com/investor-presentations/) - [Results Coverage](https://www.adaptit.com/results-coverage) - [Shareholder Meetings](https://www.adaptit.com/shareholder-meetings) - [2021 King IV Application Register](https://www.adaptit.com/hubfs/investor/Adapt%20IT%202021%20KING%20IV.pdf?hsCtaTracking=52f71e47-4437-4bcd-9615-0db5833e38f0%7C61b6fb17-ee5c-44fb-8cb9-ae0f9b1bf8e1) - [Media](https://www.adaptit.com/media) - [News](https://www.adaptit.com/news) - [Press Releases](https://www.adaptit.com/press-releases) - [Blogs](https://www.adaptit.com/blogs) - [Contact](https://www.adaptit.com/contact-us) Search This is a search field with an auto-suggest feature attached. - There are no suggestions because the search field is empty. Submit Clear # News - Jul 01 2021 - [Samuel Mungadze](https://www.adaptit.com/news/author/samuel-mungadze) ## Majority of Adapt IT shareholders support Volaris takeover bid ![Majority of Adapt IT shareholders support Volaris takeover bid image](https://www.adaptit.com/hs-fs/hubfs/Majority%20of%20Adapt%20IT%20shareholders%20support%20Volaris%20takeover%20bid%20image.png?width=816&name=Majority%20of%20Adapt%20IT%20shareholders%20support%20Volaris%20takeover%20bid%20image.png) Adapt IT shareholders yesterday voted overwhelmingly in favour of Canadian software group Volaris’s buyout offer. Yesterday, shareholders adopted all resolutions set out in Adapt IT’s notice of general meeting with regards to the Volaris cash offer of R7 per Adapt IT share, including delisting from the JSE following the implementation of the transaction, if required. Some 69.82% of Adapt IT shareholders, holding 95 834 979 shares, voted in a move that has now sealed the fate of the Huge Group bid. The two companies, Huge Group and Volaris, have been aggressively pushing Adapt IT shareholders to accept their respective offers. The Volaris offer accepted by majority shareholders yesterday was [tabled](https://www.itweb.co.za/content/Kjlyr7w1VY8qk6am)last month after rival suitor Huge Group [presented](https://www.itweb.co.za/content/o1Jr5Mx98G8qKdWL)Adapt IT shareholders with a fresh offer of R9.09 per share from the initial R5.52. The offer price baiting followed recommendations by Nodus Capital, which Adapt IT appointed to evaluate the bid, that a fair price range for Adapt IT is R7 to R9.09 per Adapt IT share. Huge Group responded first with a measurable offer of R9.09 per share and Volaris also then improved its offer. The race between Huge and Volaris to take control of Adapt IT had been [unfolding](https://www.itweb.co.za/content/Pero3qZx89L7Qb6m)in the past few months, as both companies were determined to acquire a controlling stake of the JSE-listed software services company. Source: [IT Web](https://www.itweb.co.za/content/lLn147mjAW8MJ6Aa/oJKjlyr7wO7k6amV) [Previous CaseWare Africa launches Trust Tax, A Cloud-Based Tax Return Solution](https://www.adaptit.com/news/caseware-africa-launches-trust-tax-a-cloud-based-tax-return-solution) [Next Business Day TV (BusinessLIVE) - On Volaris and Huge Group offers](https://www.adaptit.com/news/business-day-tv-businesslive-on-volaris-and-huge-group-offers) © 2025 Adapt IT Holdings Proprietary Limited. 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