Results of Scheme Meeting
| Stock | Insignia Financial Ltd (IFL.ASX) |
|---|---|
| Release Time | 13 Apr 2026, 12:33 p.m. |
| Price Sensitive | Yes |
Insignia Financial shareholders approve acquisition
- 98.65% of votes cast were in favour of the Scheme
- 89.96% of shareholders present and voting were in favour
- Scheme remains subject to Court approval on 16 April 2026
Insignia Financial Ltd (ASX: IFL) has announced that its shareholders have voted in favour of the proposed acquisition of the company by Daintree BidCo Pty Ltd, an entity established by CC Capital Partners LLC and its affiliates. At the Scheme Meeting held on 13 April 2026, 98.65% of the votes cast by Insignia Financial shareholders were in favour of the Scheme Resolution, and 89.96% of shareholders present and voting (either in person or by proxy) were also in favour. The Scheme remains subject to the approval of the Federal Court of Australia at a hearing scheduled for 16 April 2026, as well as certain other conditions precedent. If the Scheme is approved and becomes legally effective, Insignia Financial shares will be suspended from trading on the ASX, and shareholders on the record date of 21 April 2026 will receive $4.80 cash per share held.