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Diversified United Investment Limited (ASX:DUI)

ALERT: Price-sensitive ASX Announcement for DUI
Current share price for DUI : $5.070 0.05 (1%)+
Announcement
Release
13 Mar 2026 1:09PM
Price at Release
$5.020
Full Release
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Summary
Diversified United Investment Limited (DUI) is set to merge with Australian United Investment Company Limited (AUI) through a scheme of arrangement, which has been registered by the ASIC. This Scheme requires the approval of both the Court and DUI shareholders and involves the distribution of AUI shares to DUI shareholders based on a pre-determined exchange ratio. The Independent Expert, Kroll Australia, has endorsed the Scheme as being in the best interests of DUI shareholders. The merger aims to create a larger investment entity on the ASX, with the Scheme Meeting scheduled for April 16, 2026.
Key Points
  • Diversified United Investment Limited (DUI) and Australian United Investment Company Limited (AUI) are proposing a merger.
  • The merger will be effected by a scheme of arrangement under Part 5.1 of the Corporations Act.
  • Scheme Booklet has been registered by ASIC and includes an Independent Expert's Report.
  • DUI shareholders will receive AUI shares based on a calculated exchange ratio.
  • The Scheme requires approval by the Court and the DUI shareholders.
  • An Independent Expert concluded the Scheme is in the best interests of DUI shareholders.
  • The expected date for the Scheme meeting is 16 April 2026.
  • Kroll Australia Pty Ltd was appointed as the Independent Expert for the Scheme.
  • DUI's capital structure comprises mainly fully paid ordinary shares.
  • The Scheme Booklet has been registered with ASIC and distributed to shareholders.
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.