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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
14 Jul 2026 2:43PM
Price at Release
$0.398
Full Release
Summary
Matrix Composites & Engineering Ltd announced the approval and effectiveness of a scheme of arrangement under which Advanced Innergy Solutions Australia Pty Ltd, a subsidiary of Advanced Innergy Holdings Limited, will acquire all issued share capital of Matrix. After lodging an office copy of the Federal Court orders with ASIC, trading of Matrix shares on the ASX will be suspended from 14 July 2026, with the Record Date set for 16 July 2026. Shareholders will receive $0.40 per share, with the scheme expected to be implemented and payments made on 23 July 2026. Matrix will be delisted on 24 July 2026.
Key Points
- Scheme of arrangement approved by Federal Court.
- Lodgement with ASIC makes the scheme legally effective.
- Matrix shares suspended from trading on ASX from 14 July 2026.
- Record date for shareholders set as 16 July 2026.
- Shareholders to receive $0.40 per share on 23 July 2026.
- Matrix to be delisted from ASX on 24 July 2026.
- Advanced Innergy Solutions Australia Pty Ltd acquires Matrix.
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.
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