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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 (0%)+
Announcement
Release
21 Nov 2025 12:37PM
Price at Release
$2.150
Full Release
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Summary
On 21 November 2025, Lynch Group Holdings Limited announced the results of its Scheme Meeting where shareholders overwhelmingly voted in favor of a scheme of arrangement for the acquisition by Darwin Aus Bidco Pty Ltd. The Scheme Resolution was approved with 99.94% of votes in favor, and 96.55% of shareholders present supporting it. The Scheme still requires approval from the Federal Court, with a hearing scheduled for 27 November 2025. If the Court approves, Lynch shares will be suspended from ASX trading on 28 November 2025, and the Scheme is set to be implemented on 9 December 2025.
Key Points
  • Lynch Group Holdings Limited announced the results of the Scheme Meeting.
  • Shareholders voted in favor of the acquisition by Darwin Aus Bidco Pty Ltd.
  • The Scheme Resolution was passed by the requisite majorities.
  • 99.94% of votes were in favor of the Scheme.
  • 96.55% of shareholders present voted in favor.
  • The Scheme is subject to Federal Court approval.
  • Court hearing scheduled for 27 November 2025.
  • If approved, Lynch shares will be suspended from ASX trading on 28 November 2025.
  • The Scheme is expected to be implemented on 9 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.