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Qoria Limited (ASX:QOR)

ALERT: Price-sensitive ASX Announcement for QOR
Current share price for QOR : $0.235 -0.008 (-3.09%)+
Announcement
Release
7 Jul 2026 1:36PM
Price at Release
$0.243
Full Release
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Summary
Qoria Limited announced that the Federal Court of Australia approved the Scheme for the acquisition by Aura Consolidated Group, Inc. of all fully paid ordinary shares in Qoria. This acquisition will be compensated by issuing common stock shares in Aura, structured as CHESS Depositary Interests, under a scheme of arrangement as per Part 5.1 of the Corporations Act 2001. The Court's approval paves the way for the Scheme to become effective following the lodgment of the Court's orders with ASIC. Qoria plans to suspend its share trading on the ASX post-effectiveness. The announcement also provides a timeline for the Scheme's implementation including the last trading day of Qoria shares and the commencement of trading for Aura CDIs.
Key Points
  • Qoria Limited announced the Federal Court of Australia's approval of the Scheme.
  • The Scheme involves the acquisition of all Qoria shares by Aura Consolidated Group, Inc.
  • The acquisition will be compensated by issuing Aura shares, represented as CHESS Depositary Interests.
  • The Scheme is under Part 5.1 of the Corporations Act 2001 (Cth).
  • The Court's approval allows for the Scheme to become legally effective upon lodging the Court's orders with ASIC.
  • Qoria intends to suspend its shares from trading on the ASX after the Scheme becomes effective.
  • The timeline for the Scheme includes last trading of Qoria shares, commencement of Aura CDIs trading, and scheduled capital raise settlement.
  • Qoria's board has approved the release of this announcement.
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.