Ensign (Australia) Holdings Pty Ltd, in a two-stage offer, has increased its offer to $2.60 for each AOG share and $1.40 for each AOG option. As an incentive for prompt approval, shareholders will be sent payment within five business days of acceptance.

As for stage two of the offer, if Ensign obtains a relevant interest in more than 50 per cent of AOG's shares on a fully diluted basis before the scheduled closing date of 11 July, the company will further increase its offer to $2.70 for each AOG share and $1.50 for each AOG option.