Intention to execute scheme implementation deed with Svava
Open PDF
| Stock | Bell Financial Group Ltd (BFG.ASX) |
|---|---|
| Release Time | 26 Feb 2025, 9:02 a.m. |
| Price Sensitive | Yes |
This feature provides summaries of price-sensitive announcements for companies followed by users on InvestorPA.
The summaries are generated by large language models so please interpret with care.
Bell Financial Group to not counter Svava's $0.28 per share offer for SelfWealth
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.
Sign in to get more information about the company, including guidance changes and other insights.
Sign In