Auswide Bank (ASX:ABA) Scheme of Arrangement with MyState Effective
Scheme Legal Effectiveness
Auswide Bank Ltd (ASX:ABA) has announced that the scheme of arrangement under which MyState Bank Limited will acquire 100% of its shares is now legally effective. Trading in Auswide’s shares is expected to be suspended from the close of trading on 10 February 2025.
Payment of Scheme Consideration
On implementation of the Scheme on 19 February 2025, eligible Auswide shareholders will receive 1.112 New MyState Shares for each Auswide Share held as of the Record Date on 12 February 2025. Ineligible foreign shareholders will receive their pro rata share of the Proceeds under the Sale Facility by 19 March 2025.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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