IFL.ASX: Federal Court of Australia approves Scheme of Arrangement

Federal Court of Australia approves Scheme of Arrangement

Stock	Insignia Financial Ltd (IFL.ASX)
Release Time	16 Apr 2026, 11:44 a.m.
Price Sensitive	Yes

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Federal Court approves Insignia Financial acquisition

Key Points

Federal Court approves Insignia Financial's acquisition by Daintree BidCo
Shareholders to receive $4.80 cash per share on 28 April 2026
Insignia Financial to delist from ASX on 17 April 2026

Full Summary

Insignia Financial Ltd (ASX: IFL) has announced that the Federal Court of Australia has approved the proposed acquisition of all Insignia Financial shares by Daintree BidCo Pty Ltd, an entity established by CC Capital Partners LLC and its affiliates. The acquisition will be implemented through a scheme of arrangement. Insignia Financial expects to lodge the court orders with ASIC on 17 April 2026, at which point the scheme will become legally effective. Insignia Financial's shares will be suspended from trading on the ASX from the close of trading on 17 April 2026. Subject to the scheme becoming effective, Insignia Financial shareholders who hold shares at 5:00pm (Melbourne time) on 21 April 2026 will receive a total of $4.80 cash per Insignia Financial share on 28 April 2026. The announcement notes that the timetable is indicative and may be subject to change, with any changes to be announced to the ASX.