Court approves Scheme

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Stock Mad Paws Holdings Ltd (MPA.ASX)
Release Time 3 Nov 2025, 4:43 p.m.
Price Sensitive Yes
 Court approves Scheme for Mad Paws acquisition
Key Points
  • Supreme Court of New South Wales approves scheme of arrangement for Rover Group, Inc. to acquire 100% of Mad Paws Holdings Ltd
  • Mad Paws expects to lodge court orders with ASIC, leading to suspension of trading on ASX
  • Scheme timetable includes Scheme Record Date of 6 November 2025 and Implementation Date of 11 November 2025
Full Summary

Mad Paws Holdings Limited (ASX:MPA) has announced that the Supreme Court of New South Wales has today made orders approving the scheme of arrangement pursuant to which Rover Group, Inc. will acquire 100% of the issued share capital of Mad Paws (Scheme). Mad Paws expects to lodge an office copy of the Court orders with the Australian Securities and Investments Commission (ASIC) pursuant to section 411(10) of the Corporations Act 2001 (Cth) later today, at which time the Scheme will become legally effective. If this occurs, Mad Paws will apply for its shares to be suspended from trading on the Australian Securities Exchange with effect from close of trade today, 3 November 2025. The key dates expected for the Scheme are: Scheme Record Date - 7:00pm (Sydney time) on Thursday, 6 November 2025; and Implementation Date - Tuesday, 11 November 2025. Mad Paws will continue to update Mad Paws Shareholders as to any material developments in relation to the Scheme as the timetable progresses.