Qantm Intellectual Property Ltd. (AU:QIP) has released an update.
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QANTM Intellectual Property Limited has announced the final shareholder election results for the acquisition scheme by Fox BidCo Pty Ltd, owned by Adamantem Capital Management. A total of 19.91% of QANTM shares were elected to receive mixed consideration, and with the total number of HoldCo Shares to be issued staying below the Maximum Scrip Threshold, no scaleback arrangements will be applied. The implementation date is expected to be 19 August 2024.
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