• Zurich to acquire 100% of ClearView Shares for cash consideration of 65 cents per share
• ClearView Board unanimously recommends shareholders vote in favour of the Scheme
• ClearView's largest shareholder group intends to vote in favour of the Scheme

ClearView Wealth Limited (ASX: CVW) has entered into a scheme implementation deed with Zurich Financial Services Australia Limited, under which Zurich has agreed to acquire 100% of the ordinary shares on issue in ClearView by way of a scheme of arrangement. If the Scheme is implemented, each ClearView Shareholder will receive cash consideration of 65 cents per ClearView Share, plus an additional cash consideration amount in the form of a Ticking Fee in certain circumstances. The ClearView Board currently intends to determine to pay a fully franked Conditional Special Dividend of up to 5 cents per ClearView Share, subject to the Scheme becoming Effective. The Scheme Consideration of 65 cents per ClearView Share (excluding the Ticking Fee) implies an equity value for ClearView of approximately $415 million and represents a 21.5% premium to the last closing ClearView Share price on the ASX. The ClearView Directors unanimously recommend that ClearView Shareholders vote in favour of the Scheme at the Scheme Meeting, in the absence of a Superior Proposal and subject to the Independent Expert concluding that the Scheme is in the best interests of ClearView Shareholders. ClearView's largest shareholder group, Crescent Capital Partners, which holds 53.0% of the ClearView Shares, has informed the ClearView Board in writing that it intends to vote all of those ClearView Shares in favour of the Scheme, provided certain conditions are met.