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Mad Paws Holdings Limited (ASX:MPA)

ALERT: Price-sensitive ASX Announcement for MPA
Current share price for MPA : $0.140 0.065 (86.67%)+
Announcement
Release
22 Jul 2025 9:08AM
Price at Release
$0.075
Full Release
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Summary
Mad Paws Holdings Limited (MPA) has entered into a binding Scheme Implementation Deed with The Fidelity Trust and its related entities for the acquisition of 100% of MPA shares via an Australian law scheme of arrangement. Under the proposal, MPA shareholders will receive $0.31 cash per share, representing a significant premium to recent trading prices. The Board of MPA unanimously recommends that shareholders vote in favor of the scheme, in the absence of a superior proposal and subject to an independent expert concluding the scheme is in shareholders’ best interests. The transaction is subject to customary conditions, including shareholder and court approvals. The announcement includes details of the background and rationale for the transaction, the process undertaken by the Board, and the terms of the Scheme Implementation Deed.
Key Points
  • MPA enters into a binding Scheme Implementation Deed with The Fidelity Trust for 100% acquisition.
  • MPA shareholders to receive $0.31 cash per share under the scheme.
  • The offer price represents a premium to MPA’s recent share price.
  • The Board of MPA unanimously recommends the scheme, barring a superior proposal and subject to an independent expert’s approval.
  • Transaction is subject to customary conditions including shareholder and court approvals.
  • The Scheme Implementation Deed outlines terms, conditions, and process for the proposed acquisition.
  • Background and rationale for the transaction are provided, highlighting strategic review and engagement with multiple parties.
  • A process deed with exclusivity provisions was previously entered with The Fidelity Trust.
  • Timetable, next steps, and shareholder meeting details will be provided in due course.
  • An independent expert will be appointed to assess whether the scheme is in shareholders’ best interests.
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.