SDF Price sensitive 21 Aug 2026, 6:49 PM

Steadfast enters into Scheme Implementation Deed

Steadfast Group Ltd

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.

Summary generated by a large language model. Please interpret with care.

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