Prospa Group’s Acquisition Scheme Approved by Court
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Prospa Group’s Acquisition Scheme Approved by Court

Prospa Group Ltd. (AU:PGL) has released an update.

Prospa Group Limited has received approval from the Supreme Court of New South Wales for a Scheme of Arrangement, where Salkbridge Pty Ltd, controlled by Salter Brothers Tech Fund’s consortium, will acquire all issued Prospa shares not already owned by them. The Scheme is set to become effective on 1 August 2024, with the last day of Prospa Shares trading on the ASX being the same day. Shareholders are expected to receive consideration for their shares on 8 August 2024, following the Scheme Record Date on 5 August 2024.

For further insights into AU:PGL stock, check out TipRanks’ Stock Analysis page.

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