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Infomedia Limited (ASX:IFM)

ALERT: Price-sensitive ASX Announcement for IFM
Current share price for IFM : $1.695 -0.005 (-0.29%)+
Announcement
Release
21 Nov 2025 10:42AM
Price at Release
$1.700
Full Release
download
Summary
Infomedia Limited announced that the Supreme Court of New South Wales approved the scheme of arrangement for the acquisition of all issued shares in Infomedia by McQueen BidCo Pty Ltd, managed by TPG Capital. The scheme is expected to become legally binding upon the lodgment of Court orders with the Australian Securities and Investments Commission on the same day, resulting in the suspension of Infomedia shares from trading on the ASX. Shareholders are set to receive a fully franked Special Dividend, with the scheme implementation date scheduled for 3 December 2025.
Key Points
  • Supreme Court of NSW approved the scheme of arrangement.
  • Infomedia shares to be acquired by McQueen BidCo Pty Ltd.
  • Scheme becomes legally effective upon Court order lodgment with ASIC.
  • Infomedia shares to be suspended from ASX trading.
  • Special Dividend of 2.9 cents per share to be paid.
  • Scheme implementation date is 3 December 2025.
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.