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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
13 Oct 2025 3:23PM
Price at Release
$3.990
Full Release
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Summary
Johns Lyng Group Limited (JLG) announced that the Supreme Court of New South Wales approved a scheme of arrangement under which Sherwood BidCo Pty Ltd, controlled by Pacific Equity Partners, will acquire 100% of JLG's shares. The scheme was initially detailed in a scheme booklet released on 2 September 2025. The court's decision is expected to be lodged with the Australian Securities and Investments Commission on 14 October 2025, making the scheme legally effective and leading to the suspension of JLG shares on the ASX. Key dates include the determination of entitlements to scheme consideration on 16 October 2025, and the implementation date set for 23 October 2025. Any changes to these dates will be announced by JLG on the ASX.
Key Points
  • Johns Lyng Group Limited's scheme of arrangement approved by the Supreme Court.
  • Sherwood BidCo Pty Ltd to acquire 100% of JLG shares.
  • Scheme becomes effective on 14 October 2025 after court orders are lodged.
  • JLG shares will be suspended from ASX trading post-scheme effectiveness.
  • Scheme booklet released on 2 September 2025 details the arrangement.
  • Key implementation dates are 16 and 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.