Syfe Scheme Booklet registered with ASIC
Stock | Selfwealth Ltd (SWF.ASX) |
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Release Time | 14 Mar 2025, 4:55 p.m. |
Price Sensitive | Yes |
Syfe Scheme Booklet registered with ASIC
- Selfwealth confirms Scheme Booklet has been registered with ASIC
- Scheme Booklet provides information about the proposed acquisition of Selfwealth by Syfe
- Selfwealth Directors unanimously recommend shareholders vote in favour of the Scheme
Selfwealth Ltd (ASX:SWF) has announced that the explanatory statement providing information about 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') and the notice of meeting for the Scheme meeting ('Scheme Booklet') has now been registered with the Australian Securities and Investments Commission (ASIC). A copy of the Scheme Booklet is attached and will also be made available online. The Selfwealth Directors unanimously recommend that Selfwealth shareholders vote in favour of the Scheme, in the absence of a Superior Proposal and subject to the Independent Expert continuing to conclude that the Scheme is in the best interests of Selfwealth Shareholders (other than Excluded Shareholders). The Independent Expert has concluded that the Scheme is in the best interests of Selfwealth Shareholders (other than Excluded Shareholders), in the absence of a superior proposal. Selfwealth shareholders are encouraged to read the Scheme Booklet in full before making a decision on how to vote at the Scheme Meeting. The Scheme Booklet includes important information and disclosures, including details on the implications if the Scheme does not proceed and the views of the Independent Expert. Selfwealth shareholders who are in any doubt about how to deal with the Scheme Booklet are advised to contact their legal, financial, tax or other professional adviser.