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Matrix Composites & Engineering Limited (ASX:MCE)

ALERT: Price-sensitive ASX Announcement for MCE
Current share price for MCE : $0.398 0.028 (7.43%)+
Announcement
Release
20 Apr 2026 8:43AM
Price at Release
$0.370
Full Release
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Summary
Matrix Composites & Engineering Ltd has entered a Scheme Implementation Deed with Advanced Innergy Holdings Ltd, under which AIH will acquire 100% of Matrix's issued share capital through a scheme of arrangement as per the Corporations Act 2001. The scheme entitles Matrix shareholders to receive $0.40 cash per share if it becomes effective. The Matrix Board has recommended the scheme, citing it delivers an attractive premium and certainty of value to shareholders. The transaction is expected to complete by July 2026, subject to conditions being satisfied or waived.
Key Points
  • Matrix Composites & Engineering Ltd signed a Scheme Implementation Deed with Advanced Innergy Holdings Ltd.
  • AIH to acquire 100% of Matrix's shares through a scheme of arrangement.
  • Matrix shareholders to receive $0.40 cash per share if the scheme is effective.
  • Matrix Board recommends the scheme, providing certainty of value.
  • Expected completion by July 2026, subject to conditions.
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.