On January 12, 2021, RedHill Education Limited announced that in accordance with item 14 of section 633(1) item 14 of the corporations act 2001 (Cth), the Company attaches its target's statement in response to the off-market takeover bid by UCW Limited for proposed consideration of 4.5 ordinary shares in UCW for every 1 ordinary share in the Company that it did not already own or control (offer). The Company stated that the target's statement sets out the Company’s board's reasons for recommending that the Company shareholders reject UCW's offer and other information that is material to shareholders in their assessment of UCW's offer.