• Lynch has entered into a Scheme Implementation Agreement with Hasfarm to be acquired for $2.245 per share
• The Board of Lynch unanimously recommends shareholders vote in favour of the Scheme
• Major shareholders holding 38.5% of Lynch shares have confirmed their intention to vote in favour of the Scheme

Lynch Group Holdings Limited (ASX:LGL) has entered into a Scheme Implementation Agreement with Hasfarm Holdings Limited and Darwin Aus Bidco Pty Ltd under which Hasfarm Bidco will acquire 100% of the shares in Lynch by way of a scheme of arrangement. If the Scheme is implemented, Lynch shareholders will receive a cash price of $2.245 per Lynch share, less any permitted dividend paid to Lynch shareholders before implementation. The Board of Lynch unanimously recommends that Lynch shareholders vote in favour of the Scheme, in the absence of a superior proposal and subject to an Independent Expert concluding that the Scheme is in the best interests of Lynch shareholders. Each Lynch Director who has a Relevant Interest in Lynch Shares intends to vote, or cause to be voted, those Lynch Shares in favour of the Scheme, subject to those same qualifications. The Scheme is subject to a number of customary conditions, including approval by the requisite majorities of Lynch shareholders at the Scheme Meeting and Court approval.