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Johns Lyng Group Limited (ASX:JLG)

ALERT: Price-sensitive ASX Announcement for JLG
Current share price for JLG : $3.990 0 (0%)+
Announcement
Release
8 Oct 2025 9:31AM
Price at Release
$3.990
Full Release
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Summary
On 8 October 2025, Johns Lyng Group Limited (ASX:JLG) held Scheme Meetings to discuss the proposed acquisition of the company by Sherwood BidCo Pty Ltd, an entity controlled by Pacific Equity Partners, through a scheme of arrangement. The meetings, chaired by Non-Executive Chairman Peter Nash, included both General and Relevant Shareholder Scheme Meetings. Shareholders were provided with the option to accept cash or shares in Sherwood TopCo Ltd as consideration. The Independent Expert deemed the Scheme fair and reasonable, recommending shareholders vote in favor. The meetings were part of the process to satisfy conditions for the acquisition, including approval by the Supreme Court of New South Wales, with full implementation anticipated by late October 2025.
Key Points
  • Proposed acquisition of Johns Lyng Group by Sherwood BidCo Pty Ltd.
  • Shareholders had the option for cash or scrip consideration.
  • Scheme deemed fair and reasonable by the Independent Expert.
  • Meetings chaired by Non-Executive Chairman Peter Nash.
  • Supreme Court of New South Wales approval required.
  • Implementation expected by 23 October 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.