SelfWealth Ltd. ( (AU:SWF) ) has issued an announcement.
SelfWealth Ltd announced that its shareholders have overwhelmingly voted in favor of a proposed acquisition by Svava Pte Ltd, the holding company of the Syfe Group, through a scheme of arrangement. The resolution was approved with 88.46% of shareholders present and 99.70% of votes cast in favor. The next step involves seeking approval from the Federal Court of Australia, with the scheme expected to become effective following court approval and subsequent lodging with the Australian Securities and Investments Commission. Shareholders will receive $0.28 cash per share if the scheme is implemented.
More about SelfWealth Ltd.
SelfWealth Ltd is a company operating in the financial services industry, primarily offering investment and trading services. The company is focused on providing a platform for self-directed investors to manage their portfolios.
YTD Price Performance: 14.58%
Average Trading Volume: 1,903,061
Technical Sentiment Signal: Sell
Current Market Cap: A$63.5M
Find detailed analytics on SWF stock on TipRanks’ Stock Analysis page.