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Duxton Farms Ltd (ASX:DBF)

ALERT: Price-sensitive ASX Announcement for DBF
Current share price for DBF : $0.460 -0.37 (-44.58%)+
Announcement
Release
30 Oct 2025 10:30AM
Price at Release
$0.830
Full Release
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Summary
Duxton Farms Ltd announced the successful implementation of its strategic merger with four Australian private companies involved in walnuts, dried fruits, orchards, and bees. This merger was conducted under the schemes of arrangement as per the Corporations Act and approved by the Federal Court of Australia. As a result, Duxton Farms acquired all preference and ordinary shares in the merger companies, making them wholly owned subsidiaries. The merger aims to enhance Duxton Farms' position as a diversified agricultural investment platform. Scheme shareholders will be compensated with new Duxton Farms shares or cash, depending on their election or status as foreign shareholders. The merger also includes escrow arrangements for significant shareholders and directors, as well as plans to consider potential sales and acquisitions, such as the Loxton apple orchard.
Key Points
  • Successful implementation of strategic merger as per Federal Court orders.
  • Acquisition of four private companies: Duxton Dried Fruits, Duxton Dairies (Cobram), Duxton Bees, and Duxton Orchards.
  • All preference and ordinary shares acquired by Duxton Farms.
  • Merger supports strategic objectives for a diversified agricultural platform.
  • Scheme shareholders receive new Duxton Farms shares or cash if eligible.
  • Escrow arrangements for significant shareholders and directors.
  • Potential sale of Loxton apple orchard being considered.
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.