InvestSMART

Pilbara Gold Limited (ASX:PGL)

ALERT: Price-sensitive ASX Announcement for PGL
Current share price for PGL : $0.490 0.045 (10.11%)+
Announcement
Release
1 Aug 2024 9:47AM
Price at Release
$0.445
Full Release
download
Summary
Prospa Group Limited has announced that the scheme of arrangement, pursuant to which Salkbridge Pty Ltd will acquire all issued shares not already owned by the Salter Brothers Tech Fund consortium, has been legally approved and is now effective. As such, Prospa's shares on the ASX will be suspended starting today. Shareholders will receive the scheme consideration on 8th August 2024 for shares held by them on 5th August 2024. The announcement has been authorized by the board of Prospa Group Limited, a prominent fintech firm that has provided over $4 billion in funding to small businesses since its inception in 2012.
Key Points
  • Prospa Group Limited has confirmed the lodging of an office copy of the court orders approving the scheme of arrangement.
  • The scheme involves Salkbridge Pty Ltd acquiring all issued shares in Prospa not already owned by the consortium led by the Salter Brothers Tech Fund.
  • The scheme is now legally effective, and Prospa's ASX shares will be suspended from today.
  • Shareholders will receive the scheme consideration on 8th August 2024 for shares held on 5th August 2024.
  • Announcement was authorized by the Prospa Group Limited board.
  • More than $4 billion in funding provided to small businesses by Prospa since 2012.
  • No further shareholder action is required for the scheme implementation.
  • Prospa values its community impact and employee satisfaction, reflected by its recognition in workplace excellence awards.
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.