Eumundi Group (ASX:EBG) Completes Acquisition by SEQ Hospitality Group
Scheme Implementation
Eumundi Group Limited has implemented the scheme of arrangement under which SEQ Hospitality Group Pty Ltd has acquired 100% of Eumundi’s issued shares.
Scheme Consideration
Shareholders received A$1.62 cash for each Eumundi Share held on the scheme record date of 7 February 2025.
Changes to Board Composition
Joseph Ganim, Gilbert De Luca, and Murray Boyte have resigned from the Eumundi Board, and Duncan Cornish has resigned as Company Secretary. Andrew Prothero, Greg Duncan, and Martin Ward have been appointed to the Board, with Prothero also assuming the role of Company Secretary.
Delisting of Eumundi
Trading in Eumundi Shares on the ASX was suspended on 5 February 2025. The company will be delisted from the ASX effective 17 February 2025.
Motley Fool contributor Lianne Eastty 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.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.