Court Approves Scheme Meeting and Scheme Booklet Registered
| Stock | QORIA Ltd (QOR.ASX) |
|---|---|
| Release Time | 27 May 2026, 4:23 p.m. |
| Price Sensitive | Yes |
Qoria Ltd Court Approves Scheme Meeting and Booklet
- Court approved Qoria's scheme meeting and booklet registration
- Scheme meeting set for July 2, 2026
- Independent Expert deemed scheme 'not fair but reasonable'
- Qoria directors unanimously recommend voting in favor of the scheme
Qoria Limited (ASX: QOR) has announced that the Federal Court of Australia has approved the convening of a scheme meeting and the registration of the scheme booklet. The scheme meeting is scheduled for July 2, 2026, where Qoria shareholders will vote on the proposed acquisition by Aura Consolidated Group, Inc. The scheme booklet, which includes an explanatory statement and the notice of the scheme meeting, has been registered with the Australian Securities and Investments Commission (ASIC). The Independent Expert's Report, included as Annexure A to the scheme booklet, concluded that the scheme is 'not fair but reasonable' and hence in the best interests of Qoria shareholders. The directors of Qoria unanimously recommend that shareholders vote in favor of the scheme, subject to certain conditions.
The company anticipates that if the scheme is approved, it will proceed with the implementation as per the outlined timetable.