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AVJennings Limited (ASX:AVJ)

ALERT: Price-sensitive ASX Announcement for AVJ
Current share price for AVJ : $0.660 -0.015 (-2.22%)+
Announcement
Release
23 Jul 2025 1:55PM
Price at Release
$0.675
Full Release
download
Summary
On June 5, 2024, AVJennings Limited (AVJ) announced that the Supreme Court of New South Wales has approved the scheme of arrangement under which SC Global (Aust) Pty Ltd, an entity controlled by Simon Cheong, will acquire all AVJennings shares not already owned by SC Global. The scheme was previously approved by the requisite majority of AVJennings shareholders. The scheme implementation date is set for June 18, 2024, with AVJennings shares to be suspended from trading at the close of trading on June 6, 2024. Shareholders will receive the scheme consideration of $0.70 cash per share on June 18, 2024. The announcement confirms that all conditions for the scheme have been satisfied or waived, and outlines the steps for the completion of the transaction, including the payment to shareholders and delisting from the ASX.
Key Points
  • Supreme Court of New South Wales approves AVJennings scheme of arrangement.
  • SC Global (Aust) Pty Ltd to acquire all remaining shares in AVJennings Limited.
  • Scheme previously approved by the requisite majority of AVJennings shareholders.
  • Scheme implementation date is June 18, 2024.
  • AVJennings shares to be suspended from trading on June 6, 2024.
  • Scheme consideration of $0.70 cash per share to be paid to shareholders on June 18, 2024.
  • All conditions for the scheme have been satisfied or waived.
  • Shareholders to receive payment and AVJennings to be delisted from the ASX.
  • Announcement made on June 5, 2024.
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.