DSE.ASX: Scheme of Arrangement becomes legally effective

Scheme of Arrangement becomes legally effective

Stock	Dropsuite Ltd (DSE.ASX)
Release Time	14 May 2025, 5:43 p.m.
Price Sensitive	Yes

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Dropsuite Scheme of Arrangement becomes legally effective

Key Points

Dropsuite's acquisition by NinjaOne Australia Pty Ltd via Scheme of Arrangement approved
Dropsuite shares to be suspended from trading on ASX
Shareholders to receive $5.90 cash per share on implementation date

Full Summary

Dropsuite Limited (ASX:DSE) has announced that its proposed acquisition by NinjaOne Australia Pty Ltd via a Scheme of Arrangement has become legally effective. The company has lodged a copy of the Federal Court orders approving the Scheme with ASIC, and quotation of Dropsuite shares on the ASX will be suspended from trading at the close of business today. Dropsuite shareholders will be entitled to receive the Scheme Consideration of $5.90 cash per Dropsuite share held on the Scheme Record Date of 7:00pm (Melbourne time) on Friday, 16 May 2025. The Scheme Consideration will be paid to shareholders on the implementation date, currently expected to be Friday, 30 May 2025. Dropsuite has advised that the timetable is indicative only and is subject to change, with any changes to be announced to the ASX.