SDF Price sensitive 23 Oct 2026, 10:22 AM

Scheme of Arrangement - Outcome of First Court Hearing

Steadfast Group Ltd

Steadfast Group Limited Announces Court Approval for Scheme Meeting

Key points

  • Court approves convening of Scheme Meeting for Steadfast shareholders
  • Scheme Booklet to be distributed to shareholders by 26 October 2026
  • Steadfast Board recommends voting in favor of the Scheme in absence of a superior proposal

Full summary

Steadfast Group Limited (ASX: SDF) has announced that the Supreme Court of New South Wales has approved the convening of a Scheme Meeting for Steadfast shareholders to consider and vote on the proposed acquisition by Starboard BidCo, an entity indirectly owned by Dragoneer Investment Group and KKR. The Scheme Booklet, containing the Independent Expert's Report, will be distributed by 26 October 2026. The Steadfast Board recommends shareholders vote in favor of the Scheme, subject to no superior proposal and the Independent Expert's continuing opinion that the Scheme is in the best interests of shareholders.

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