Matrix Composites Scheme Becomes Effective
Key points
- Scheme approved by Federal Court of Australia
- Matrix Shares to be suspended from ASX trading
- Matrix Shareholders to receive $0.40 cash per share
- Scheme expected to be implemented on 23 July 2026
Full summary
Matrix Composites & Engineering Ltd (ASX: MCE) has announced that its acquisition by Advanced Innergy Solutions Australia Pty Ltd, a subsidiary of Advanced Innergy Holdings Limited (ASX: AIH), has been approved by the Federal Court of Australia. The Scheme is now legally effective. Matrix Shares will be suspended from trading on the ASX from the close of trading on 14 July 2026. Shareholders holding Matrix Shares on the Record Date will receive $0.40 cash per share, with the Scheme Consideration expected to be paid on 23 July 2026. Further information is available in the Scheme Booklet released to ASX on 4 June 2026.
Outlook
Matrix Composites anticipates completing the acquisition and paying the Scheme Consideration to shareholders on 23 July 2026.
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