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SelfWealth Limited (ASX:SWF)

ALERT: Price-sensitive ASX Announcement for SWF
Current share price for SWF : $0.278 0.008 (2.78%)+
Announcement
Release
14 Mar 2025 4:55PM
Price at Release
$0.270
Full Release
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Summary
Selfwealth Ltd has announced the registration of the Syfe Scheme Booklet with the Australian Securities and Investments Commission (ASIC), concerning the proposed acquisition by Svava Pte Ltd, the holding company of the Syfe Group. Shareholders are urged to read the Scheme Booklet and vote in favor of the Scheme, as the Selfwealth Board recommends approval in the absence of a superior proposal. The Scheme proposes cash consideration of $0.28 per share, with details on the voting process included for shareholders. The transaction is to be evaluated for its fairness and reasonableness for shareholders, as indicated by the Independent Expert.
Key Points
  • Announcement of acquisition proposal by Svava Pte Ltd.
  • Scheme Booklet registered with ASIC.
  • Selfwealth recommends shareholders vote in favor.
  • Cash consideration of $0.28 per share proposed.
  • Independent Expert's report states the Scheme is fair and reasonable.
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.