DSE.ASX: Implementation of Scheme of Arrangement

Implementation of Scheme of Arrangement

Stock	Dropsuite Ltd (DSE.ASX)
Release Time	30 May 2025, 11:44 a.m.
Price Sensitive	Yes

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Dropsuite Acquired by NinjaOne Australia

Key Points

Dropsuite acquired by NinjaOne Australia via scheme of arrangement
Dropsuite shareholders to receive $5.90 per share
Changes to Dropsuite Board of Directors

Full Summary

Dropsuite Limited (ASX:DSE) has announced that the acquisition of all its issued shares by NinjaOne Australia Pty Ltd through a scheme of arrangement has been implemented today, 30 May 2025. Dropsuite shareholders have been sent the scheme consideration of $5.90 per Dropsuite share in respect of all shares held on the scheme record date of 16 May 2025. As a result of the implementation of the scheme, all existing directors of Dropsuite have resigned, and Christopher Matarese, Salvatore Sferlazza, Melanie Leydin, and Bill Kyriacou have been appointed as the new directors. Additionally, Kobe Lizheng has resigned as the company secretary, and Bill Kyriacou has been appointed in that role. Trading in Dropsuite shares on the ASX was suspended on 14 May 2025, and the company intends to apply for its removal from the official list of the ASX prior to the open of trading on 2 June 2025.