Scheme Update - Supplementary Disclosure

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Stock Silk Logistics Holdings Ltd (SLH.ASX)
Release Time 17 Jul 2025, 12:25 p.m.
Price Sensitive Yes
 Silk Logistics Holdings Ltd Provides Scheme Update
Key Points
  • Updated timetable for the Scheme
  • Satisfaction of FIRB Approval Condition Precedent
  • Tax consequences for Tax Exempt Shares
Full Summary

Silk Logistics Holdings Ltd (ASX:SLH) has provided a supplementary disclosure regarding the proposed acquisition of the company by DP World Australia Limited via a scheme of arrangement. The key updates include:- Revised key dates for the scheme process, with the Scheme Meeting now scheduled for 1 August 2025 and the Second Court Date on 6 August 2025.- Confirmation that the FIRB Approval Condition Precedent has been satisfied.- Clarification of the tax consequences for Silk Shares issued under a Tax Exempt Share Plan.- Extension of the expiry date for certain Silk Options held by Silk Directors.- Updates on Silk's financial position.- Confirmation that the Silk Directors continue to unanimously recommend the Scheme in the absence of a Superior Proposal, and that the Independent Expert has reaffirmed its conclusion that the Scheme is in the best interests of Silk Shareholders.- Details on the End Date for the Scheme and the decision not to declare any further dividend.- Information on the voting process and additional matters.Silk Shareholders are encouraged to read the Supplementary Scheme Booklet, including the Supplementary Independent Expert's Report, in full before deciding how to vote on the Scheme.