IFL.ASX: Scheme of Arrangement becomes legally effective

Scheme of Arrangement becomes legally effective

Stock	Insignia Financial Ltd (IFL.ASX)
Release Time	17 Apr 2026, 11:02 a.m.
Price Sensitive	Yes

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Insignia Financial Scheme of Arrangement Becomes Legally Effective

Key Points

Insignia Financial confirms Scheme of Arrangement approved by Federal Court
Scheme to be implemented on 28 April 2026
Shareholders to receive $4.80 cash per share

Full Summary

Insignia Financial Ltd (ASX: IFL) has confirmed that it has lodged an office copy of the orders made by the Federal Court of Australia approving the proposed acquisition of all Insignia Financial shares by Daintree BidCo Pty Ltd, an entity established by CC Capital Partners LLC and its affiliates, by way of a scheme of arrangement. The Scheme is now legally effective, and it is expected that quotation of Insignia Financial shares on the ASX will be suspended from the close of trading on 17 April 2026. Implementation of the Scheme will occur on 28 April 2026, at which time Insignia Financial shareholders who hold shares at 5:00pm (Melbourne time) on 21 April 2026 (the Record Date) will receive $4.80 cash per Insignia Financial share held at that date.

Guidance

Insignia Financial shareholders will receive $4.80 cash per share held at the Record Date of 21 April 2026.