Qube Holdings Ltd Scheme Update
Key points
- PNG regulatory approval received
- Majority third-party consents secured
- Special Dividend of $0.3465 per share considered
Full summary
Qube Holdings Ltd (ASX:QUB) provides an update on the Scheme Implementation Deed with Rubik Australia Pty Limited, which aims to acquire 100% of Qube. The Bidder has received approval from the PNG Independent Consumer and Competition Commission. As of the announcement, Qube has obtained a majority of the required third-party consents or waivers. The required regulatory approvals from ACCC, FIRB, and OIO are progressing. The Scheme Meeting is set for 11am Sydney time on June 16, 2026. The Qube Board intends to declare a fully franked special dividend of $0.3465 per share, subject to the Scheme becoming effective and the Board's discretion. The transaction consideration is $5.20 cash per share, comprising an interim dividend of $0.0535 and a special dividend of $0.3465. The Qube Board recommends shareholders vote in favor of the Scheme.
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