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SDI Limited (ASX:SDI)

ALERT: Price-sensitive ASX Announcement for SDI
Current share price for SDI : $1.398 0.037 (2.76%)+
Announcement
Release
17 Jun 2026 3:00PM
Price at Release
$1.360
Full Release
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Summary
SDI Limited announced an update on the scheme of arrangement under which InnoXvest Dental Pty. Ltd, a subsidiary of Beijing Guoci Kebo Technology Co., will acquire 100% of SDI's issued share capital for A$1.40 per share. Several conditions for the scheme have been satisfied, including obtaining approvals from the Treasurer of the Commonwealth, Chinese regulatory authorities, and securing necessary financing for Project Montrose. SDI's Board recommends shareholders vote in favor of the scheme at the upcoming virtual meeting, subject to no superior proposal arising and the Independent Expert's continued support. The scheme also requires approvals from SDI shareholders and the Supreme Court of New South Wales.
Key Points
  • SDI Limited is involved in a scheme of arrangement with InnoXvest Dental Pty. Ltd.
  • Scheme consideration is A$1.40 per SDI share in cash.
  • Conditions satisfied include regulatory approvals and financing for Project Montrose.
  • Scheme requires approval from SDI shareholders and New South Wales Supreme Court.
  • SDI Board recommends voting in favor, pending no superior proposal and expert support.
  • SDI products are manufactured in Victoria, Australia, and distributed globally.
  • SDI was founded in 1972 and listed in 1985, focusing on dental materials.
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.