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Quickstep Holdings Limited (ASX:QHL)

ALERT: Price-sensitive ASX Announcement for QHL
Current share price for QHL : $0.575 0.01 (1.77%)+
Announcement
Release
5 Mar 2025 2:22PM
Price at Release
$0.565
Full Release
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Summary
Quickstep Holdings Limited (ASX: QHL) has announced a proposed scheme of arrangement under which ASDAM Operations Pty Ltd will acquire 100% of Quickstep's shares. This Scheme Booklet, registered with ASIC, contains important information and has been approved for release by the Quickstep Board of Directors. Shareholders are urged to read the document in its entirety before voting on the Scheme. The Independent Expert’s Report indicates that the Scheme is fair and reasonable for shareholders. Quickstep's directors have unanimously recommended that shareholders vote in favor of the Scheme, which is expected to be implemented if approved by the requisite majorities and the Court.
Key Points
  • Quickstep Holdings Limited is proposed to be acquired by ASDAM Operations Pty Ltd.
  • The Scheme Booklet has been registered with ASIC as of 5 March 2025.
  • Shareholders will receive the Scheme Booklet around 14 March 2025.
  • The Independent Expert's Report concludes the Scheme is fair and reasonable.
  • Directors of Quickstep unanimously recommend voting in favor of the Scheme.
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.