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Steadfast Group Limited (ASX:SDF)

ALERT: Price-sensitive ASX Announcement for SDF
Current share price for SDF : $5.770 0.12 (2.12%)+
Announcement
Release
21 Aug 2026 6:49PM
Price at Release
$5.650
Full Release
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Summary
Steadfast Group Limited has entered into a Scheme Implementation Deed (SID) with Starboard BidCo Pty Ltd and Amwins Australasia Group Pty Ltd for the acquisition of all issued shares of Steadfast through a scheme of arrangement. The scheme, known as Project Simpatico, outlines the transfer of Steadfast Shares to the Bidder, with shareholders entitled to a consideration of $6.00 per share, less any permitted dividends. The scheme is conditional upon approvals from regulatory bodies such as FIRB, ACCC, OIO, FCA, and MAS, as well as Steadfast shareholder approval. Post-implementation, the Bidder will retain Steadfast's broking business, while Amwins will acquire the underwriting agency segment. The scheme is set to be implemented by December 2026, pending satisfaction or waiver of all conditions.
Key Points
  • Steadfast enters into a Scheme Implementation Deed with Starboard BidCo and Amwins.
  • The scheme involves the acquisition of all Steadfast shares through a court-approved arrangement.
  • Steadfast shareholders to receive $6.00 per share, less permitted dividends.
  • Regulatory approvals required from FIRB, ACCC, OIO, FCA, and MAS.
  • Implementation targeted for December 2026.
  • Post-implementation, Amwins to acquire the underwriting agency business.
  • The scheme represents a premium of 51.9% on Steadfast's last undisturbed share price.
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.