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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
17 Apr 2026 11:02AM
Price at Release
$4.790
Full Release
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Summary
Insignia Financial Ltd has announced that the Federal Court of Australia has approved a Scheme of Arrangement for its acquisition by Daintree BidCo Pty Ltd, an entity established by CC Capital Partners LLC. As a result, the Scheme has become legally effective, and Insignia Financial shares will be suspended from trading on the ASX. The Scheme's implementation is scheduled for 28 April 2026, with shareholders set to receive $4.80 in cash per share as of the Record Date on 21 April 2026. This announcement follows the successful lodgement of the Court's orders with the Australian Securities and Investments Commission (ASIC) under the Corporations Act 2001 (Cth). The announcement was authorized for release by Adrianna Bisogni, the Group Company Secretary of Insignia Financial Ltd.
Key Points
  • Federal Court of Australia approved the Scheme of Arrangement for Insignia Financial Ltd.
  • The Scheme involves acquisition by Daintree BidCo Pty Ltd, backed by CC Capital Partners LLC.
  • Insignia Financial Ltd shares to be suspended from ASX trading.
  • Scheme implementation scheduled for 28 April 2026.
  • Shareholders to receive $4.80 per share.
  • Court orders lodged with ASIC for legal effectiveness.
  • Scheme approved under the Corporations Act 2001 (Cth).
  • Announcement approved by Adrianna Bisogni, Group Company Secretary.
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.