SLH.ASX: Court approves Scheme of Arrangement

Court approves Scheme of Arrangement

Stock	Silk Logistics Holdings Ltd (SLH.ASX)
Release Time	6 Aug 2025, 4:14 p.m.
Price Sensitive	Yes

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Court approves Silk Logistics' Scheme of Arrangement

Key Points

Court approves Silk Logistics' acquisition by DP World Australia
Scheme expected to be implemented on 18 August 2025
Silk shareholders to receive A$2.14 cash per share

Full Summary

Silk Logistics Holdings Limited (ASX:SLH) has announced that the Supreme Court of New South Wales has made orders approving the Scheme of Arrangement for the proposed acquisition of all of the shares in the Company by DP World Australia Limited. Silk expects to lodge a copy of the Court's orders approving the Scheme with the Australian Securities and Investments Commission later today, at which time the Scheme will become Effective. Silk will also request that the quotation of Silk shares on the ASX be suspended from close of trading today. Subject to the Scheme becoming Effective, it is expected that implementation of the Scheme will occur on Monday, 18 August 2025. On the Implementation Date, Silk Shareholders who have been recorded on the Silk Share Register as owning Silk Shares at 7.00pm (Sydney time) on Monday, 11 August 2025 (being the Scheme Record Date), will receive A$2.14 cash consideration for each Silk Share they hold.