Schrole Group Ltd. (AU:SCL) has released an update.
Schrole Group Ltd has announced that its shareholders have overwhelmingly approved the acquisition of the company by TES Aus Global Pty Limited, with over 99% of votes in favor. The successful vote on the Scheme of Arrangement is contingent on final approval from the Supreme Court of Western Australia, which if granted, will see shareholders receive $0.4852 cash per share on September 30, 2024. Schrole shares will be suspended from trading post-effective date of the Scheme, anticipated to be on September 20, 2024.
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