InvestSMART

RPMGlobal Holdings Limited (ASX:RUL)

ALERT: Price-sensitive ASX Announcement for RUL
Current share price for RUL : $4.990 0.05 (1.01%)+
Announcement
Release
19 Dec 2025 8:35AM
Price at Release
$4.940
Full Release
download
Summary
On 19 December 2025, RPMGlobal Holdings Limited held a Scheme Meeting to discuss the proposed acquisition of all shares by Revolution HoldCo Pty Ltd, a subsidiary of Caterpillar Inc., at $5.00 per share through a scheme of arrangement. The meeting, ordered by the Federal Court of Australia, sought shareholder approval for the scheme, with proxies submitted beforehand overwhelmingly in favor. RPM Directors urged shareholders to support the proposal, citing no superior offers and the transaction's benefits. The scheme requires court approval and regulatory clearances, including from FIRB and ACCC, the latter having already given clearance.
Key Points
  • The Scheme Meeting regarding RPMGlobal Holdings Limited was held on 19 December 2025.
  • RPMGlobal Holdings Limited is considering a scheme of arrangement for acquisition by Caterpillar's subsidiary, Revolution HoldCo Pty Ltd.
  • The scheme involves acquiring all RPM shares at $5.00 per share.
  • The Federal Court of Australia ordered the meeting under section 411(1) of the Corporations Act.
  • Shareholders are asked to pass a resolution for the scheme during the meeting.
  • Proxies submitted beforehand will be voted in favor of the scheme by the Chairman.
  • RPM Directors unanimously recommend shareholders vote in favor of the scheme.
  • There is overwhelming support from shareholders based on proxies received.
  • Regulatory approvals required include those from the FIRB and ACCC, with FIRB requesting an extension.
  • The ACCC has cleared the transaction.
  • The scheme's implementation is conditional upon court approval and regulatory clearances.
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.