MMA Offshore Acquisition Scheme Approved

MMA Offshore Limited (AU:MRM) has released an update.

MMA Offshore Limited has announced the Federal Court of Australia’s approval of a scheme of arrangement for Cyan MMA Holdings Pty Limited, a subsidiary of Cyan Renewables Pte. Ltd., to acquire all issued shares of MMA. Once the Court’s orders are lodged with the ASIC, expected tomorrow, the scheme will be effective, leading to the suspension of MMA shares from trading on the ASX after the close of trading on July 11, 2024. Key dates include the effective date of July 11, the record date of July 18, and the implementation date of July 25, 2024.

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