Intention to execute scheme implementation deed with Svava

Key points

• Bell Financial Group will not make a counterproposal to Svava's binding proposal to acquire 100% of SelfWealth shares for $0.28 per share
• SelfWealth intends to enter into a scheme implementation deed with Svava to implement the $0.28 per share proposal
• SelfWealth shareholders do not need to take any action at this time

Full summary

SelfWealth Ltd (ASX:SWF) has noted the announcement by Bell Financial Group Ltd (ASX:BFG) that Bell will not make a counterproposal to the binding proposal from Svava Pte Ltd ('Svava') to acquire 100% of the shares in SelfWealth for $0.28 cash per share by way of a scheme of arrangement ('Svava Proposal'). Accordingly, under the Bell scheme implementation deed, SelfWealth is now permitted to further progress the Svava Proposal. SelfWealth intends to enter into a scheme implementation deed with Svava to implement the Svava Proposal as soon as practicable. SelfWealth shareholders do not need to take any action at the current time, and SelfWealth will provide relevant updates to shareholders in respect of the Svava Proposal.