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Hutchison Telecommunications (Australia) Limited (ASX:HTA)

ALERT: Price-sensitive ASX Announcement for HTA
Current share price for HTA : $0.031 0 (0%)+
Announcement
Release
23 Jun 2025 10:31AM
Price at Release
$0.031
Full Release
download
Summary
On 18 March 2020, Hutchison Telecommunications (Australia) Limited (HTA) announced that the condition to TPG Telecom Limited's (TPG) takeover bid for HTA had been fulfilled. The key condition was the approval of the proposed merger between TPG and Vodafone Hutchison Australia Pty Limited (VHA) by the Federal Court of Australia and the implementation of the scheme of arrangement. With the scheme now effective, TPG's offer for HTA has become unconditional. The document also outlines next steps for HTA shareholders, including their ability to accept the offer, the expected timetable for completion, and the implications of the merger for HTA and its shareholders.
Key Points
  • The Federal Court of Australia approved the merger between TPG and VHA.
  • The scheme of arrangement between TPG and VHA was implemented, fulfilling the key takeover bid condition.
  • TPG's takeover offer for HTA is now unconditional.
  • HTA shareholders can now accept TPG’s offer.
  • The document provides an updated indicative timetable for the completion of the transaction.
  • Details are given regarding the implications of the merger and offer for HTA and its shareholders.
  • No further regulatory or court approvals are required for the merger or takeover bid.
  • HTA directors continue to unanimously recommend the offer in the absence of a superior proposal.
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.