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Infomedia Limited (ASX:IFM)

ALERT: Price-sensitive ASX Announcement for IFM
Current share price for IFM : $1.695 -0.005 (-0.29%)+
Announcement
Release
21 Nov 2025 2:00PM
Price at Release
$1.700
Full Release
download
Summary
Infomedia Limited announced that the scheme of arrangement for the acquisition of all its issued shares by McQueen BidCo Pty Ltd has become legally effective. The Supreme Court of New South Wales approved the scheme, and a copy of the court orders has been lodged with the Australian Securities and Investments Commission. Trading in Infomedia shares on the ASX is expected to be suspended from the close of trading on 21 November 2025. Infomedia shareholders will receive a fully franked special dividend of 2.9 cents per share on 28 November 2025. Upon implementation of the scheme on 3 December 2025, shareholders will receive $1.671 per share, which is the scheme consideration of $1.72 per share reduced by the dividends paid.
Key Points
  • Scheme of arrangement legally effective for Infomedia's acquisition by McQueen BidCo Pty Ltd.
  • Supreme Court of New South Wales approved the scheme.
  • Lodgement of court orders with ASIC.
  • Trading suspension of Infomedia shares on the ASX from 21 November 2025.
  • Payment of a fully franked special dividend of 2.9 cents per share on 28 November 2025.
  • Scheme consideration of $1.671 per share to be paid on 3 December 2025.
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.