Court approves convening of Syfe scheme meeting
Stock | Selfwealth Ltd (SWF.ASX) |
---|---|
Release Time | 14 Mar 2025, 2:21 p.m. |
Price Sensitive | Yes |
Court approves Selfwealth-Syfe scheme meeting
- Federal Court approves convening of Selfwealth shareholder meeting to vote on Syfe acquisition
- Scheme Booklet to be distributed to Selfwealth shareholders
- Scheme Meeting scheduled for 22 April 2025
Selfwealth Ltd (ASX:SWF) has announced that the Federal Court of Australia has made orders approving the convening of a meeting of Selfwealth shareholders to consider and vote on the proposed acquisition of Selfwealth by Svava Pte Ltd, the holding company of the Syfe Group ('Syfe'), by way of a scheme of arrangement ('Scheme'). The Court has also approved the distribution of a Scheme Booklet providing information about the Scheme and the notice of meeting for the Scheme Meeting. The Scheme Booklet will be released to the ASX following registration with ASIC and will be made available online and sent to Selfwealth shareholders. The Scheme Meeting is scheduled for 10.30am (Melbourne time) on 22 April 2025 and will be held in person. All registered Selfwealth shareholders as at 7.00pm (Melbourne time) on 20 April 2025 (other than Syfe and its related bodies corporate) will be eligible to vote at the Scheme Meeting. Selfwealth shareholders are encouraged to vote either by completing and returning the proxy form or by attending the Scheme Meeting in person or by proxy, attorney or corporate representative.