DSE.ASX: Suspension following scheme of arrangement

Suspension following scheme of arrangement

Stock	Dropsuite Ltd (DSE.ASX)
Release Time	14 May 2025, 7 p.m.
Price Sensitive	Yes

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Dropsuite Ltd to be suspended following scheme of arrangement

Key Points

Dropsuite Ltd (DSE.ASX) shares to be suspended from quotation on 14 May 2025
Suspension follows lodgement of Federal Court orders approving scheme of arrangement
Scheme involves acquisition of Dropsuite by NinjaOne Australia Pty Ltd

Full Summary

Dropsuite Ltd (DSE.ASX) has requested the suspension of its shares from quotation on the ASX, effective from the close of trading on 14 May 2025. This follows the lodgement with the Australian Securities and Investments Commission (ASIC) of the orders of the Federal Court of Australia approving the acquisition of Dropsuite by NinjaOne Australia Pty Ltd (ACN 655 215 366) via a scheme of arrangement. As a result, the orders are now legally effective. Dropsuite has requested the suspension to facilitate the implementation of the scheme. The company has requested that it remains on the official list of the ASX until it requests to be removed, which is expected to occur following the implementation of the scheme, which is anticipated to take place on 30 May 2025. Dropsuite is not aware of any reason why its shares should not be suspended and has not identified any other information necessary to inform the market about the suspension.