Matrix Shareholders Approve Acquisition by AIH
Key points
- 99.8% of votes cast in favor of the Scheme
- 93.9% of shareholders present voted in favor
- Scheme to be presented to the Federal Court on 13 July 2026
- If approved, Matrix shares to be suspended on 14 July 2026
- Implementation expected on 23 July 2026
Full summary
Matrix Composites & Engineering Ltd (ASX: MCE) announced that its shareholders have voted in favor of the proposed acquisition by Advanced Innergy Solutions Australia Pty Ltd, a subsidiary of Advanced Innergy Holdings Limited (ASX: AIH). The Scheme received 99.8% approval from the votes cast and 93.9% from shareholders present at the meeting. The next step involves seeking approval from the Federal Court of Australia on 13 July 2026. If approved, Matrix shares will be suspended from trading on ASX on 14 July 2026, with implementation expected on 23 July 2026.
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