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The Reject Shop Limited (ASX:TRS)

ALERT: Price-sensitive ASX Announcement for TRS
Current share price for TRS : $6.680 0.02 (0.30%)+
Announcement
Release
23 Jun 2025 3:50PM
Price at Release
$6.660
Full Release
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Summary
The document reports on the results of the Scheme Meeting for The Reject Shop Limited (TRS), which was convened to consider and vote on a proposed scheme of arrangement between TRS and its shareholders regarding a change in control of the company. The Scheme Meeting was held, and the requisite majorities of shareholders voted in favor of the scheme. The document outlines the voting results, next steps including the upcoming Second Court Hearing to seek approval of the scheme, and key dates for implementation. It also discusses the board’s recommendations, details of the scheme consideration, and information for shareholders regarding the process and implications of the transaction.
Key Points
  • The Scheme Meeting for The Reject Shop Limited was held to consider a proposed scheme of arrangement.
  • Shareholders approved the scheme by the required majorities.
  • The next key step is the Second Court Hearing to seek approval for the scheme.
  • If approved, a change in control of The Reject Shop Limited will occur under the outlined terms.
  • The document provides a timetable for implementation and key dates.
  • Details are included about the scheme consideration and process for shareholders.
  • The board of TRS recommended that shareholders vote in favor of the scheme.
  • Shareholders are advised of the implications and procedures following the court decision.
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.