JLG.ASX: Scheme Meetings - Chair's address and presentation

Scheme Meetings - Chair's address and presentation

Stock	Johns LYNG Group Ltd (JLG.ASX)
Release Time	8 Oct 2025, 9:31 a.m.
Price Sensitive	Yes

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Scheme Meetings - Chair's address and presentation

Key Points

Proposed acquisition of Johns LYNG Group Ltd by Sherwood BidCo Pty Ltd
Scheme Consideration of $4.00 cash per share represents a 77% premium
Independent Expert concludes the Scheme is fair and reasonable

Full Summary

Johns LYNG Group Limited (JLG) has convened Scheme Meetings for shareholders to consider and vote on a proposed acquisition of JLG by Sherwood BidCo Pty Ltd, an entity owned and controlled by funds managed and advised by Pacific Equity Partners Pty Limited. The Scheme Consideration of $4.00 cash per share represents a premium of 77% to JLG's closing price as at 15 May 2025. The Independent Expert, Kroll Australia Pty Ltd, has concluded that the Scheme is fair and reasonable and therefore in the best interests of JLG shareholders, in the absence of a superior proposal. The Board of JLG continues to recommend that shareholders vote in favour of the Scheme. The Scheme remains subject to customary conditions, including approval by the requisite majorities of shareholders and the Supreme Court of New South Wales. If approved, JLG will be delisted from the ASX.