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Clearview Wealth Limited (ASX:CVW)

ALERT: Price-sensitive ASX Announcement for CVW
Current share price for CVW : $0.645 0.11 (20.56%)+
Announcement
Release
24 Feb 2026 10:35AM
Price at Release
$0.535
Full Release
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Summary
ClearView Wealth Limited has entered into a Scheme Implementation Deed with Zurich Financial Services Australia Limited, under which Zurich will acquire 100% of ClearView's ordinary shares through a scheme of arrangement. The Scheme Consideration includes a cash payment of 65 cents per share, potentially adjusted by Permitted Dividends and a Ticking Fee if implementation is delayed beyond specified dates. The ClearView Board unanimously recommends shareholders vote in favor of the Scheme, provided there is no superior proposal and the Independent Expert concludes it is in shareholders' best interests. The acquisition is subject to regulatory approvals and other customary conditions.
Key Points
  • Scheme Implementation Deed signed between ClearView and Zurich.
  • Zurich to acquire 100% of ClearView shares via scheme of arrangement.
  • Cash consideration of 65 cents per share for ClearView shareholders.
  • Potential franking credit benefits for shareholders who can utilize them.
  • Ticking Fee applies if the scheme is delayed beyond 30 September 2026.
  • ClearView Directors unanimously recommend the Scheme.
  • The acquisition is subject to regulatory and shareholder approvals.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.