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Advanced Innergy Holdings Limited (ASX:AIH)

ALERT: Price-sensitive ASX Announcement for AIH
Current share price for AIH : $0.480 -0.17 (-26.15%)+
Announcement
Release
6 Jul 2026 2:13PM
Price at Release
$0.650
Full Release
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Summary
Matrix Composites & Engineering Ltd announced that the requisite majorities of its shareholders approved the acquisition by Advanced Innergy Solutions Australia Pty Ltd, a subsidiary of Advanced Innergy Holdings Limited, through a scheme of arrangement. The approval came with 99.8% of total votes in favor. The next step involves seeking approval from the Federal Court of Australia. If approved, the scheme will become effective on 14 July 2026, leading to the suspension of Matrix shares from the ASX and delisting on 24 July 2026. The implementation is expected to occur on 23 July 2026.
Key Points
  • Scheme approved by requisite majorities of Matrix shareholders
  • 99.8% of votes cast were in favor of the scheme
  • 93.9% of shareholders present voted in favor
  • Federal Court approval is the next step
  • Scheme will become effective if court approves
  • Matrix shares to be suspended from ASX on 14 July 2026
  • Implementation expected on 23 July 2026
  • Matrix to be delisted from ASX on 24 July 2026
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.