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Donaco International Limited (ASX:DNA)

ALERT: Price-sensitive ASX Announcement for DNA
Current share price for DNA : $0.045 0.001 (1.12%)+
Announcement
Release
7 Aug 2025 12:45PM
Price at Release
$0.045
Full Release
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Summary
Donaco International Limited announced that the Supreme Court of New South Wales has approved the scheme of arrangement under which DNA Bidco Pty Ltd will acquire all shares in Donaco International Limited. The Court’s approval follows the approval of the scheme by Donaco shareholders at the meeting held on 31 May 2024. A copy of the Court's orders has been lodged with the Australian Securities and Investments Commission, making the scheme legally effective. Trading in Donaco shares on the Australian Securities Exchange will be suspended from the close of trading on 6 June 2024. The scheme is expected to be implemented on 14 June 2024, at which time eligible Donaco shareholders will receive the scheme consideration. Further updates and details will be provided as necessary.
Key Points
  • Supreme Court of New South Wales approved the scheme of arrangement for Donaco International Limited.
  • DNA Bidco Pty Ltd will acquire all shares in Donaco International Limited under the scheme.
  • Scheme approved by Donaco shareholders on 31 May 2024.
  • Court orders lodged with the Australian Securities and Investments Commission make the scheme legally effective.
  • Trading in Donaco shares on the ASX will be suspended from close of trading on 6 June 2024.
  • Scheme implementation date is expected to be 14 June 2024.
  • Eligible Donaco shareholders will receive the scheme consideration on the implementation date.
  • Further updates will be provided as necessary.
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.