Scheme Meeting - Chairman Address and Presentation
| Stock | Rpmglobal Holdings Ltd (RUL.ASX) |
|---|---|
| Release Time | 19 Dec 2025, 8:35 a.m. |
| Price Sensitive | Yes |
Scheme Meeting - Chairman Address and Presentation
- Proposed acquisition of RPM by Caterpillar Bid Co at $5.00 per share
- Unanimous recommendation from RPM Directors to vote in favor of the Scheme
- Regulatory approvals from FIRB and ACCC are progressing
RPMGlobal Holdings Limited (ASX: RUL) is holding a Scheme Meeting for shareholders to consider the proposed acquisition of 100% of the company's shares by Revolution HoldCo Pty Ltd (Caterpillar Bid Co), a subsidiary of Caterpillar Inc. The Scheme is proposed at a price of $5.00 per RPM share. The RPM Board unanimously recommends that shareholders vote in favor of the Scheme, as it provides an opportunity to realize immediate and certain value for their shares at an attractive premium. The Independent Expert has continued to conclude that the Scheme is in the best interests of RPM shareholders. The Scheme requires approval by a majority in number (more than 50%) of RPM shareholders present and voting, and at least 75% of the votes cast. Based on proxies received prior to the meeting, there is overwhelming support from shareholders for the Scheme. The meeting is being held as a hybrid event, with shareholders able to attend in person or online. Shareholders can vote and ask questions through the online platform or in person. The key regulatory approvals required for the Scheme, from the Foreign Investment Review Board (FIRB) and the Australian Competition and Consumer Commission (ACCC), are progressing, with FIRB requesting an extension and the ACCC providing clearance. If the Scheme is approved by shareholders and the Court, the implementation date is expected to be 18 February 2026.