Intention to execute scheme implementation deed with Svava
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| Stock | Selfwealth Ltd (SWF.ASX) |
|---|---|
| Release Time | 26 Feb 2025, 9:02 a.m. |
| Price Sensitive | Yes |
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Selfwealth to execute scheme with Svava
Key Points
- Selfwealth to enter scheme implementation deed with Svava
- Svava to acquire 100% of Selfwealth shares for $0.28 per share
- Bell Financial Group will not make a counterproposal
Full Summary
Selfwealth Ltd (ASX:SWF) has announced its intention to enter into a scheme implementation deed with Svava Pte Ltd ('Svava') to implement Svava's binding proposal to acquire 100% of the shares in Selfwealth for $0.28 cash per share by way of a scheme of arrangement. This follows the announcement by Bell Financial Group Ltd (ASX:BFG) that it will not make a counterproposal to the Svava Proposal. Selfwealth is now permitted to further progress the Svava Proposal and intends to enter into the scheme implementation deed as soon as practicable. Selfwealth shareholders do not need to take any action at the current time, and the company will provide relevant updates to shareholders regarding the Svava Proposal.
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