Court approves the Scheme
| Stock | QORIA Ltd (QOR.ASX) |
|---|---|
| Release Time | 7 Jul 2026, 1:36 p.m. |
| Price Sensitive | Yes |
Court Approves Qoria's Acquisition by Aura
- Court approves the Scheme of Arrangement
- Qoria Shares to be suspended from trading on ASX
- Aura CDIs to commence trading on July 9, 2026
- Allotment of Aura CDIs on July 17, 2026
Qoria Limited (ASX: QOR) announced that the Federal Court of Australia has approved the proposed acquisition by Aura Consolidated Group, Inc. The Scheme of Arrangement will become effective after the Court Orders are lodged with ASIC on July 8, 2026. Consequently, Qoria Shares will be suspended from trading on the ASX at the close of trading on the same day. Aura CDIs are expected to commence trading on July 9, 2026, with the record date for determining entitlements to the Scheme Consideration set for July 10, 2026. The allotment of Aura CDIs, including the Scheme Consideration CDIs, is scheduled for July 17, 2026, with normal settlement trading of Aura CDIs starting on July 20, 2026.
Qoria expects the acquisition to proceed smoothly with the approved Scheme, leading to the suspension of Qoria Shares and commencement of Aura CDIs trading.