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Navitas Advises on Court Orders Convening of Scheme Meetings

10 May 2019  |  14:49:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Court orders convening of scheme meetings

Navitas referred to the proposed acquisition of Navitas by BGH BidCo A Pty ("BidCo"), an entity that will be owned by a consortium led by BGH Capital, by way of a scheme of arrangement ("Scheme"). Navitas confirmed that the Supreme Court of Western Australia has made orders on 10th May 2019, approving the convening of the meetings of Navitas shareholders to consider and vote on the Scheme. The General Scheme Meeting will be held at 11.00 am (Perth time) on 19 June 2019 at Brookfield Tower 2, Ground Floor, 123 St Georges Terrace, Perth, WA. The scheme record date will be 27 June 2019 and implementation date will be 2 July 2019 to 16 July 2019, to be selected by BidCo prior to Scheme Meetings.

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