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Lynch Group Holdings Limited (ASX:LGL)

ALERT: Price-sensitive ASX Announcement for LGL
Current share price for LGL : $2.150 0.01 (0.47%)+
Announcement
Release
21 Nov 2025 9:22AM
Price at Release
$2.140
Full Release
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Summary
The document outlines the details of the Scheme Meeting for Lynch Group Holdings Limited, held to consider a proposed acquisition by Hasfarm Bidco Pty Ltd under a scheme of arrangement. The Chair, Peter Clare, led the meeting where shareholders were to vote on the resolution. The proposal involved Hasfarm Bidco acquiring all issued shares at a cash price of $2.155 per share, following a permitted dividend deduction. The meeting discussed the terms, benefits, and procedural aspects, including the necessary shareholder and court approvals. The resolution was passed by a significant majority, with 99.91% of proxies in favor, paving the way for court approval and the subsequent implementation of the scheme, set for 9 December 2025, with payments to shareholders scheduled thereafter. Directors were unanimous in recommending the scheme, citing no superior proposals. The Independent Expert's report confirmed the scheme as fair and in shareholders' best interests.
Key Points
  • Scheme Meeting for Lynch Group Holdings Limited to consider acquisition by Hasfarm Bidco.
  • Proposed acquisition involves cash payment of $2.155 per share.
  • Significant procedural details outlined, requiring shareholder and court approval.
  • Resolution passed with 99.91% of proxy votes in favor.
  • Implementation expected on 9 December 2025 with payments to shareholders.
  • Board unanimously recommends the scheme, with no superior proposal.
  • Independent Expert concludes the scheme is fair and in best interests.
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.