MCE.ASX: Results of Scheme Meeting

Results of Scheme Meeting

Stock	Matrix Composites & Engineering Ltd (MCE.ASX)
Release Time	6 Jul 2026, 2:13 p.m.
Price Sensitive	Yes

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Matrix Composites & Engineering Ltd Shareholder Approval for Acquisition

Key Points

99.8% of votes cast in favor of the Scheme Resolution
93.9% of shareholders present and voting approved the Scheme
Next step: Court approval scheduled for 13 July 2026

Full Summary

Matrix Composites & Engineering Ltd (ASX: MCE) has announced that the requisite majorities of its shareholders have approved the proposed acquisition of 100% of its issued share capital by Advanced Innergy Solutions Australia Pty Ltd, a wholly owned subsidiary of Advanced Innergy Holdings Limited (ASX: AIH). The acquisition will be conducted through a members' scheme of arrangement under Part 5.1 of the Corporations Act 2001 (Cth). The approval was based on 99.8% of the total number of votes cast and 93.9% of shareholders present and voting. The next step involves seeking approval from the Federal Court of Australia at a hearing scheduled for 10:15am (AWST) on 13 July 2026. If approved, the Scheme is expected to become effective on 14 July 2026, with Matrix Shares suspended from trading on ASX from the close of trading on that date. The implementation of the Scheme is anticipated to occur on 23 July 2026, subject to certain conditions being satisfied or waived.