CAJ: Implementation of Scheme of Arrangement
| Stock | Integral Diagnostics Ltd (IDX.ASX) |
|---|---|
| Release Time | 20 Dec 2024, 9:35 a.m. |
| Price Sensitive | Yes |
Capitol Health Implements Scheme of Arrangement with Integral Diagnostics
- Capitol Health shareholders to receive 0.12849 New IDX Shares for every one Capitol Share
- Unmarketable Parcel Shareholders to receive cash payment
- Capitol Shares to be delisted from the ASX on 23 December 2024
Capitol Health Limited (ASX: CAJ) has announced the implementation of the proposed merger with Integral Diagnostics Limited (ASX: IDX) by way of a scheme of arrangement (Scheme). Under the Scheme, all Capitol Shares have been transferred to IDX, and Capitol Shareholders (other than Unmarketable Parcel Shareholders who did not make a valid election before the Scheme Record Date) have been provided with 0.12849 New IDX Shares for every one Capitol Share held at the Scheme Record Date. Unmarketable Parcel Shareholders, who did not make a valid election prior to the Scheme Record Date, will receive a cash amount equal to the 'market value' of the New IDX Shares that would otherwise have been issued to them. As previously announced, trading in Capitol Shares on the ASX was suspended at the close of trading on 11 December 2024, and Capitol has applied to be removed from the official list of the ASX, which is expected to take effect on Monday, 23 December 2024.