InvestSMART

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 9:09AM
Price at Release
$0.370
Full Release
download
Summary
Advanced Innergy Holdings Ltd (AIH) has entered into a Scheme Implementation Deed with Matrix Composites & Engineering Ltd (MCE) to acquire all ordinary shares of MCE for $0.40 cash per share. The acquisition aims to strengthen AIH's global platform and expand its presence in the Asia-Pacific region. The MCE Board recommends shareholders vote in favor of the Scheme, which is subject to customary conditions such as shareholder and court approvals, and no material adverse changes. AIH seeks approval from the Foreign Investment Review Board, and the transaction is targeted for completion by late July 2026.
Key Points
  • AIH to acquire all MCE shares for $0.40 per share.
  • The acquisition supports AIH's APAC expansion strategy.
  • MCE Board recommends shareholders support the acquisition.
  • The Scheme is subject to shareholder and court approval.
  • Completion targeted for late July 2026.
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.