Platinum Capital Limited (ASX:PMC) Recommends Proposed Restructure Scheme
Proposed Scheme of Arrangement
Platinum Capital Limited (ASX:PMC) has agreed to a scheme of arrangement allowing shareholders to exchange their ASX-listed shares for units in Platinum International Fund Complex ETF (ASX:PIXX).
Board Recommends Scheme Over Competing Proposal
The Board unanimously recommends the Scheme, finding a competing unsolicited acquisition proposal received in February 2025 less favourable for shareholders.
Implementation Timeline
The Scheme meeting is expected in early July 2025, with implementation scheduled for late July 2025. The Scheme Booklet will be provided to shareholders in May 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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