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Vonex Limited. (ASX:VN8)

ALERT: Price-sensitive ASX Announcement for VN8
Current share price for VN8 : $0.035 0 (0%)+
Announcement
Release
9 Oct 2025 11:54AM
Price at Release
$0.035
Full Release
download
Summary
Vonex Limited announced that the Supreme Court of New South Wales has approved their scheme of arrangement for Maxo Telecommunications Pty Ltd to acquire all the shares in Vonex that MaxoTel does not already own. Vonex plans to lodge the court's orders with the Australian Securities and Investments Commission, after which the scheme will become legally effective, and Vonex shares will be suspended from trading on the ASX. Key dates for the scheme include the effective date on 9 October 2025, the last day of trading on 9 October 2025, the record date on 13 October 2025, the implementation date on 20 October 2025, and Vonex's delisting from the ASX on 21 October 2025.
Key Points
  • Court approval of Vonex's scheme of arrangement with MaxoTel.
  • MaxoTel to acquire remaining shares in Vonex.
  • Vonex to lodge court orders with ASIC for scheme effectiveness.
  • Vonex shares to be suspended from trading on ASX post-approval.
  • Key scheme dates: effective date on 9 October 2025, last trading day on 9 October 2025, record date on 13 October 2025, implementation on 20 October 2025, and delisting on 21 October 2025.
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.