EVS.ASX: Federal Court of Australia approves Scheme of Arrangement

Federal Court of Australia approves Scheme of Arrangement

Stock	Envirosuite Ltd (EVS.ASX)
Release Time	8 Aug 2025, 2:27 p.m.
Price Sensitive	Yes

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Federal Court approves Envirosuite acquisition

Key Points

Envirosuite to be acquired by Ideagen EVS BidCo Pty Ltd
Shareholders to receive $0.09 cash per share
Scheme expected to be implemented on 20 August 2025

Full Summary

Envirosuite Limited (ASX: EVS) has announced that the Federal Court of Australia has made orders approving the proposed acquisition of all Envirosuite shares by Ideagen EVS BidCo Pty Limited (ACN 687 668 748), an indirect wholly owned subsidiary of Ideagen Limited, by way of a scheme of arrangement. Envirosuite expects to lodge an office copy of the Court orders with the Australian Securities and Investments Commission on Monday, 11 August 2025, at which time the Scheme will become legally effective. Envirosuite will also request that the quotation of its shares on the ASX be suspended from close of trading on the same day. Subject to the Scheme becoming legally effective, it is expected that implementation of the Scheme will occur on 20 August 2025, at which time Envirosuite shareholders who hold shares at 5:00pm (Melbourne time) on 13 August 2025 (the Record Date) will receive a total of $0.09 cash per Envirosuite share held at that date. The above timetable is indicative only and the included times and dates are subject to change. Envirosuite will announce any changes to the ASX.