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Insignia Financial Ltd (ASX:IFL)

ALERT: Price-sensitive ASX Announcement for IFL
Current share price for IFL : $4.790 0 (0%)+
Announcement
Release
16 Apr 2026 11:44AM
Price at Release
$4.790
Full Release
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Summary
On 16 April 2026, Insignia Financial Ltd announced that the Federal Court of Australia approved the Scheme of Arrangement, allowing Daintree BidCo Pty Ltd to acquire all its shares. The Scheme will be effective upon lodging the court orders with ASIC on 17 April 2026, and the ASX will suspend trading of Insignia Financial shares from that date. The implementation is scheduled for 28 April 2026, with shareholders receiving $4.80 per share on the Record Date, 21 April 2026. Insignia Financial, a major Australian wealth manager, has a history dating back to 1846.
Key Points
  • Federal Court of Australia approves the Scheme of Arrangement for Insignia Financial Ltd.
  • The Scheme involves acquisition of all Insignia Financial shares by Daintree BidCo Pty Ltd.
  • The Scheme will become effective upon lodging Court orders with ASIC on 17 April 2026.
  • Trading of Insignia Financial shares on ASX will be suspended from 17 April 2026.
  • Implementation of the Scheme is expected on 28 April 2026.
  • Shareholders will receive $4.80 cash per share on the Record Date, 21 April 2026.
  • Insignia Financial is a leading Australian wealth manager with origins from 1846.
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.