Steadfast enters into Scheme Implementation Deed
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| Stock | Steadfast Group Ltd (SDF.ASX) |
|---|---|
| Release Time | 21 Aug 2026, 6:49 p.m. |
| Price Sensitive | Yes |
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Steadfast Group enters into Scheme Implementation Deed
Key Points
- Steadfast enters into a Scheme Implementation Deed with Bidder and Amwins Australasia.
- Bidder to acquire all issued shares in Steadfast for $6.00 per share.
- Amwins Australasia to acquire Steadfast's underwriting agency business.
- Steadfast Board recommends shareholders vote in favor of the Scheme.
Full Summary
Steadfast Group Limited has entered into a Scheme Implementation Deed with Bidder and Amwins Australasia for the acquisition of all issued shares in Steadfast. Bidder will acquire all shares for $6.00 per share, less any Permitted Dividends. Amwins Australasia will acquire Steadfast's underwriting agency business. The Scheme Consideration represents a 51.9% premium to Steadfast's undisturbed closing share price. The Scheme is subject to regulatory approvals and shareholder approval, with implementation targeted for December 2026.
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