Matrix Composites Announces Scheme Effectiveness
Key points
- Scheme becomes effective on 14 July 2026
- Matrix shares suspended from trading
- Shareholders to receive $0.40 cash per share
- Expected implementation date is 23 July 2026
Full summary
Matrix Composites & Engineering Ltd (ASX: MCE) has announced that its proposed acquisition by Advanced Innergy Solutions Australia Pty Ltd, a subsidiary of Advanced Innergy Holdings Limited (ASX: AIH), has become legally effective. The acquisition will be executed through a members' scheme of arrangement. Matrix shares will be suspended from trading on ASX starting today, 14 July 2026. Shareholders holding shares on the Record Date of 16 July 2026 will receive $0.40 cash per share. The scheme is expected to be implemented on 23 July 2026, with delisting from ASX on 24 July 2026.
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