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Auswide Bank Ltd (ASX:ABA)
ALERT: Price-sensitive ASX Announcement for ABA
Current share price for ABA : $5.110 0.02 (0.39%)+
Announcement
Release
10 Feb 2025 10:27AM
Price at Release
$5.090
Full Release
Summary
Auswide Bank Ltd has announced that its scheme of arrangement with MyState Bank Limited, under which MyState Bank will acquire 100% of Auswide's fully paid ordinary shares, is now legally effective. Trading in Auswide's shares is expected to be suspended from the close of trading on this date. The company has lodged the court orders from the Supreme Court of New South Wales with ASIC, and eligible shareholders will receive 1.112 New MyState Shares for each Auswide Share held on the Record Date, which is set for 12 February 2025.
Key Points
- Scheme of arrangement is legally effective.
- Auswide's shares will be suspended from trading.
- Court orders have been lodged with ASIC.
- Eligible shareholders will receive New MyState Shares.
- Record Date for shares is set for 12 February 2025.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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