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SDI Limited (ASX:SDI)

ALERT: Price-sensitive ASX Announcement for SDI
Current share price for SDI : $1.398 0.002 (0.18%)+
Announcement
Release
22 Jun 2026 10:21AM
Price at Release
$1.395
Full Release
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Summary
The Scheme Meeting of SDI Limited was conducted virtually on June 22, 2026, to decide on a scheme of arrangement wherein SDI would be acquired by InnoXvest Dental Pty Ltd, a subsidiary of the Bidder entity controlled by Shandong Sinocera Functional Material Co. Ltd. The Chair of the meeting, Cameron Allen, outlined the procedural and technical matters for the meeting and emphasized the significance of the shareholders' decision on SDI's future. The Board recommended in favor of the Scheme, having found no superior proposal. The Scheme's approval required shareholder and court consent, with a timeline outlined, including a second court hearing and subsequent dates for implementation. Voting was conducted electronically, with shareholders having the opportunity to ask questions during the meeting. The meeting was concluded with all necessary formalities covered.
Key Points
  • SDI Limited held a virtual Scheme Meeting on June 22, 2026.
  • The meeting was chaired by Cameron Allen, non-executive director.
  • The Scheme involves the acquisition of SDI by InnoXvest Dental Pty Ltd.
  • The SDI Board recommended the Scheme, citing no better proposals.
  • Shareholder and court approval are required for the Scheme.
  • An indicative timetable was provided for the Scheme's implementation.
  • Voting was electronic, with shareholders able to submit questions.
  • The meeting covered all procedural and formal business elements.
  • Meeting closure included a resolution to release poll results to ASX.
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.