Eumundi Group Limited (ASX:EBG) Announces Federal Court Approval for Scheme of Arrangement
Scheme Approval
The Federal Court of Australia approved the scheme of arrangement under which SEQ Hospitality Group Pty Ltd will acquire 100% of Eumundi Group Limited’s shares.
Lodgement and Trading Suspension
Court orders will be lodged with ASIC on 5 February 2025, making the scheme legally effective. Eumundi will request suspension of its shares on the ASX from the close of trading on the same day.
Payment of Scheme Consideration
On 14 February 2025, Eumundi shareholders will receive $1.62 per share held as of 7 February 2025.
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