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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 (0%)+
Announcement
Release
13 Jul 2026 1:38PM
Price at Release
$0.398
Full Release
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Summary
On 13 July 2026, Matrix Composites & Engineering Limited (Matrix) announced that the Federal Court of Australia has approved a scheme of arrangement for the acquisition of Matrix by Advanced Innergy Solutions Australia Pty Ltd, a subsidiary of Advanced Innergy Holdings Limited. The court's orders will be lodged with ASIC, making the scheme legally effective, and Matrix's shares will be suspended from trading on the ASX effective 14 July 2026. The timetable for the scheme includes key dates such as the record date and implementation date, with Matrix set to be delisted from the ASX on 24 July 2026. Further details and contact information are provided for shareholders needing more information.
Key Points
  • Court approval for acquisition by Advanced Innergy Solutions
  • Lodgement of Court orders with ASIC
  • Suspension of trading on ASX
  • Indicative scheme timetable
  • Contact information for further questions
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.