Schrole Group Ltd. (AU:SCL) has released an update.
Schrole Group Ltd is on track to be acquired by TES Aus Global Pty Ltd, following the Western Australia Supreme Court’s approval to dispatch the Scheme booklet and convene a shareholder meeting to vote on the acquisition. The Scheme has been deemed fair and reasonable by an independent expert, with Schrole’s Directors recommending shareholders vote in favor, barring a better offer. Shareholders will decide on the proposed acquisition at a meeting scheduled for September 16, 2024, with a final court hearing to follow on September 19, 2024.
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