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Quickstep Holdings Limited (ASX:QHL)

ALERT: Price-sensitive ASX Announcement for QHL
Current share price for QHL : $0.575 0.01 (1.77%)+
Announcement
Release
5 Mar 2025 12:30PM
Price at Release
$0.565
Full Release
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Summary
Quickstep Holdings Limited (ASX:QHL) has announced that the Federal Court of Australia has approved the convening of a Scheme Meeting for shareholders to vote on a proposed scheme of arrangement where ASDAM Operations Pty Ltd will acquire 100% of Quickstep's shares. A Scheme Booklet will be distributed to shareholders, containing an explanatory statement and the Independent Expert's Report, which concludes that the scheme is fair and in the best interests of shareholders. The Scheme Meeting is scheduled for 14 April 2025, and shareholders are encouraged to review the Scheme Booklet before voting.
Key Points
  • Court approves convening of Scheme Meeting
  • Distribution of Scheme Booklet to shareholders
  • Scheme involves ASDAM Operations acquiring 100% of Quickstep
  • Independent Expert's Report concludes scheme is fair
  • Scheme Meeting to be held virtually on 14 April 2025
  • Shareholders can vote electronically or by proxy
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.