IFL.ASX: Scheme of Arrangement - Receipt of FIRB approval

Scheme of Arrangement - Receipt of FIRB approval

Stock	Insignia Financial Ltd (IFL.ASX)
Release Time	8 Apr 2026, 11:27 a.m.
Price Sensitive	Yes

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Insignia Financial receives FIRB approval for acquisition

Key Points

Insignia Financial to be acquired by Daintree BidCo
FIRB has confirmed no objections to the proposed scheme of arrangement
Insignia Financial shareholders to vote on the scheme in April 2026

Full Summary

Insignia Financial Ltd (ASX: IFL) has announced that it has received confirmation from the Foreign Investment Review Board (FIRB) that the Treasurer of Australia has no objections under the Foreign Acquisitions and Takeovers Act 1975 to the proposed acquisition of Insignia Financial by Daintree BidCo Pty Ltd, an entity established by CC Capital Partners LLC and its affiliates. This FIRB approval satisfies a key condition precedent for the scheme of arrangement, which was announced on 22 July 2025. The Insignia Financial Board continues to unanimously recommend that its shareholders vote in favour of the scheme, in the absence of a superior proposal and subject to the independent expert's conclusion that the scheme is fair and reasonable and in the best interests of shareholders. Insignia Financial shareholders will have the opportunity to vote on the scheme at a meeting scheduled for 13 April 2026.