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Johns Lyng Group Limited (ASX:JLG)

ALERT: Price-sensitive ASX Announcement for JLG
Current share price for JLG : $3.990 0.01 (0.25%)+
Announcement
Release
8 Oct 2025 12:42PM
Price at Release
$3.980
Full Release
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Summary
Johns Lyng Group Limited (JLG) announced the results of its Scheme Meetings where shareholders voted in favor of a scheme of arrangement for Sherwood BidCo Pty Ltd to acquire 100% of JLG shares. The General Scheme Meeting saw 81.49% of General JLG Shareholders voting in favor, with 99.10% of votes cast supporting the resolution. Meanwhile, the Relevant Shareholder Scheme Meeting had 100% of shareholders present voting in favor of the resolution. The scheme remains subject to approval by the Supreme Court of New South Wales, with a hearing scheduled for 13 October 2025. Subsequent events include the lodgment of court orders with ASIC and the suspension of trading in JLG shares on ASX on 14 October 2025, with the scheme implementation date set for 23 October 2025.
Key Points
  • JLG shareholders voted in favor of the scheme of arrangement.
  • Sherwood BidCo Pty Ltd will acquire 100% of JLG shares.
  • 81.49% of General JLG Shareholders voted in favor at the General Scheme Meeting.
  • 100% of Relevant Shareholders voted in favor at the Relevant Shareholder Scheme Meeting.
  • Approval by the Supreme Court of New South Wales is pending.
  • Second Court Hearing is scheduled for 13 October 2025.
  • Court orders will be lodged with ASIC on 14 October 2025.
  • JLG shares will be suspended from trading on ASX on 14 October 2025.
  • Scheme implementation date is set for 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.