Court convenes Scheme Meeting and Scheme Booklet Registered

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Stock Rpmglobal Holdings Ltd (RUL.ASX)
Release Time 17 Nov 2025, 3:44 p.m.
Price Sensitive Yes
 Court convenes Scheme Meeting and Scheme Booklet Registered
Key Points
  • Court approves convening of Scheme Meeting and ASIC registers Scheme Booklet
  • Independent Expert concludes Scheme is fair and reasonable and in best interests of RPM Shareholders
  • RPM Directors unanimously recommend voting in favour of Scheme in absence of Superior Proposal
Full Summary

RPMGlobal Holdings Limited (ASX: RUL) refers to the proposed acquisition of 100% of the shares in the company by Revolution HoldCo Pty Ltd (Caterpillar BidCo), a subsidiary of Caterpillar Inc, by way of a scheme of arrangement. The Federal Court of Australia has made orders for RPM to convene and hold a meeting of RPM Shareholders to consider and vote on the Scheme, and has approved the distribution of the Scheme Booklet which provides information on the Scheme, Notice of Scheme Meeting and the Independent Expert's Report. The Scheme Booklet has been registered with ASIC. The Independent Expert, Grant Thornton Corporate Finance Pty Ltd, has concluded that the Scheme is fair and reasonable and is in the best interests of RPM Shareholders, in the absence of a Superior Proposal. The RPM Directors unanimously recommend that RPM Shareholders vote in favour of the Scheme, subject to the Independent Expert continuing to conclude that the Scheme is in the best interests of RPM Shareholders and in the absence of a Superior Proposal. The Scheme Meeting is scheduled for 19 December 2025, with the Scheme requiring approval by a majority in number (more than 50%) of RPM Shareholders present and voting, and at least 75% of the votes cast.