Court Approves Matrix Composites Acquisition by AIH
Key points
- Federal Court approved the acquisition of Matrix Composites by AIH
- Matrix shares will be suspended from trading on 14 July 2026
- Effective date of the scheme is 23 July 2026
- Delisting from ASX expected on 24 July 2026
Full summary
Matrix Composites & Engineering Ltd (ASX: MCE) announces that the Federal Court of Australia has approved the acquisition of 100% of its issued share capital by Advanced Innergy Solutions Australia Pty Ltd, a subsidiary of Advanced Innergy Holdings Limited (ASX: AIH). The acquisition is to be completed through a members' scheme of arrangement under the Corporations Act 2001. Matrix shares will be suspended from trading on ASX at the close of 14 July 2026. The effective date of the scheme is 23 July 2026, with delisting expected on 24 July 2026. Further information is available in the Scheme Booklet and from the Matrix Shareholder Information Line.
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