Bigtincan Holdings Limited (ASX:BTH) Approves Scheme of Arrangement
Scheme of Arrangement Approval
Bigtincan Holdings Limited (ASX:BTH) announced that the Supreme Court of New South Wales has approved the schemes of arrangement. Under the schemes, Big Wombat Pty Ltd, managed by Vector Capital Management, L.P., will acquire 100% of BTH’s issued share capital for $0.22 per Scheme Share. Additionally, certain issued options will be cancelled for a cash consideration in accordance with the agreed methodologies.
Key Dates
The schemes will become legally effective upon lodging the Court orders with the Australian Securities and Investments Commission on Wednesday, 9 April 2025, at which time BTH shares will be suspended from trading. The Scheme Record Date is set for 7.00pm AEDT on Monday, 14 April 2025, and the Implementation Date is scheduled for Wednesday, 23 April 2025. All dates are indicative and subject to change, with updates available on BTH’s website.
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 positions in and has recommended Bigtincan. 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.