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Sg Fleet Group Limited (ASX:SGF)

ALERT: Price-sensitive ASX Announcement for SGF
Current share price for SGF : $3.490 0.02 (0.58%)+
Announcement
Release
8 Apr 2025 5:21PM
Price at Release
$3.470
Full Release
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Summary
SG Fleet Group Limited announced the successful approval of their proposed scheme of arrangement at the Scheme Meetings held on April 8, 2025. The scheme involves the acquisition of 100% of SG Fleet shares by Westmann Bidco Pty Limited, backed by Pacific Equity Partners. The General Scheme Meeting saw 90.61% of General Shareholders voting in favor, with 99.61% of the votes cast supporting the resolution. Additionally, 100% of Relevant Management Shareholders also approved the scheme. The next step involves awaiting the approval of the Supreme Court of New South Wales on April 15, 2025, with the scheme expected to be implemented by April 30, 2025.
Key Points
  • SG Fleet Shareholders approved the proposed scheme of arrangement.
  • Westmann Bidco Pty Limited will acquire 100% of SG Fleet shares.
  • 90.61% of General Shareholders voted in favor of the scheme.
  • 99.61% of votes cast by General Shareholders supported the resolution.
  • 100% of Relevant Management Shareholders voted in favor of the scheme.
  • The scheme is subject to Supreme Court approval on April 15, 2025.
  • SG Fleet shares will be suspended from trading on April 16, 2025.
  • The scheme is expected to be implemented on April 30, 2025.
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.