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Silk Logistics Holdings Limited (ASX:SLH)

ALERT: Price-sensitive ASX Announcement for SLH
Current share price for SLH : $2.140 0 (0%)+
Release
6 Aug 2025 4:14PM
Price at Release
$2.140
Full Release
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Summary
On 14 June 2024, Silk Logistics Holdings Limited (SLH) announced that the Supreme Court of Victoria has approved the Scheme of Arrangement between SLH and its shareholders, under which Australia Logistics Holdco Pty Ltd will acquire all shares in SLH. The Scheme became effective upon lodgement of the Court orders with the Australian Securities and Investments Commission (ASIC). Trading in SLH shares will be suspended from close of trading on 14 June 2024. The Scheme Record Date is set for 7:00pm (AEST) on 19 June 2024, and implementation is scheduled for 26 June 2024. If the Scheme is implemented, SLH shareholders will receive $3.35 cash per share. Further updates and details regarding the Scheme, including key dates and processes, are outlined in the document.
Key Points
  • Supreme Court of Victoria approved the Scheme of Arrangement for SLH.
  • Australia Logistics Holdco Pty Ltd to acquire all SLH shares.
  • Scheme Effective Date is 14 June 2024.
  • Trading of SLH shares to be suspended from 14 June 2024.
  • Scheme Record Date set for 19 June 2024 at 7:00pm (AEST).
  • Scheme Implementation Date scheduled for 26 June 2024.
  • SLH shareholders to receive $3.35 cash per share upon implementation.
  • Further updates will be provided as the Scheme progresses.
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.