Scheme now Effective and suspension of trading on ASX
Stock | Johns LYNG Group Ltd (JLG.ASX) |
---|---|
Release Time | 14 Oct 2025, 10:32 a.m. |
Price Sensitive | Yes |
Scheme now Effective and suspension of trading on ASX
- Scheme of arrangement between JLG and its shareholders approved by the Supreme Court
- Sherwood BidCo Pty Ltd to acquire 100% of JLG shares
- Trading in JLG shares on ASX to be suspended from close of trading on 14 October 2025
Johns Lyng Group Limited (JLG) has announced that an office copy of the orders made on 13 October 2025 by the Supreme Court of New South Wales approving the scheme of arrangement between JLG and its shareholders has been lodged with the Australian Securities and Investments Commission (ASIC). The scheme, under which Sherwood BidCo Pty Ltd will acquire 100% of the shares in JLG, is now legally effective. Trading in JLG shares on the ASX will be suspended from the close of trading on Tuesday, 14 October 2025. The indicative timetable for the implementation of the scheme is as set out in JLG's announcement of 13 October 2025. JLG shareholders (other than relevant shareholders who have made a valid election to receive scrip consideration) will receive $4.00 in cash per scheme share, and relevant shareholders who have made a valid election will receive 4 shares in Topco for each of those scheme shares, subject to rounding.