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Infomedia Limited (ASX:IFM)

ALERT: Price-sensitive ASX Announcement for IFM
Current share price for IFM : $1.695 0.013 (0.74%)+
Announcement
Release
7 Oct 2025 11:18AM
Price at Release
$1.683
Full Release
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Summary
Infomedia Ltd announced that the Supreme Court of New South Wales has approved the convening of a Scheme Meeting and the distribution of a Shareholder Booklet as part of the proposed acquisition by McQueen BidCo Pty Ltd. The Scheme Meeting is scheduled for 18 November 2025, where shareholders will vote on the scheme of arrangement. The Shareholder Booklet includes an independent expert's report by Grant Thornton Corporate Finance Pty Ltd, which concludes the scheme is fair, reasonable, and in the best interests of shareholders, valuing Infomedia shares between $1.57 and $1.79, with the offered consideration at $1.72. The Infomedia Board recommends shareholders vote in favor of the scheme, emphasizing that the decision is subject to no superior proposals arising. Further details about the meetings and voting procedures are provided in the booklet.
Key Points
  • Court approved convening of Scheme Meeting for Infomedia shareholders.
  • Distribution of Shareholder Booklet approved.
  • Scheme Meeting scheduled for 18 November 2025.
  • Shareholder Booklet includes independent expert's report by Grant Thornton.
  • Scheme is deemed fair and reasonable with share valuation between $1.57 and $1.79.
  • Offered consideration is $1.72 per share.
  • Infomedia Board recommends voting in favor of the scheme.
  • Details of meetings and voting procedures included in booklet.
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.