Scheme Meeting Results

Open PDF
Stock Domain Holdings Australia Ltd (DHG.ASX)
Release Time 4 Aug 2025, 11:45 a.m.
Price Sensitive Yes
 Domain Shareholders Approve Scheme of Arrangement with CoStar Group
Key Points
  • 99.98% of votes cast by Domain Shareholders approved the Scheme
  • 91.22% of Domain Shareholders present and voting voted in favor of the Scheme
  • Scheme remains subject to Court approval and other conditions precedent
Full Summary

Domain Holdings Australia Limited (ASX:DHG) announced that its shareholders (other than certain excluded shareholders) have voted in favor of the proposed acquisition of Domain by CoStar Group, Inc. (NASDAQ: CSGP) through its indirect wholly-owned subsidiary, Andromeda Australia SubCo Pty Limited. At the Scheme Meeting, 99.98% of the votes cast by Domain Shareholders (other than Excluded Shareholders) were in favor of the Scheme Resolution, and 91.22% of Domain Shareholders (other than Excluded Shareholders) present and voting (either in person or by proxy) voted in favor of the Scheme Resolution. The Scheme remains subject to approval of the Court at the hearing scheduled for 6 August 2025, and certain other conditions precedent as previously announced and described in the Scheme Booklet. If the outstanding conditions precedent are satisfied or waived (if applicable) prior to the hearing, and the Court approves the Scheme, Domain proposes to lodge an office copy of the Court's orders with ASIC on 7 August 2025, at which time the Scheme will become legally effective. It is then expected that Domain Shares will be suspended from trading on the ASX on 7 August 2025, and the Scheme will be implemented on 20 August 2025, at which time the Scheme Consideration will be paid to Domain Shareholders.