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TPG Telecom Announces Scheme Approved by Court

26 Jun 2020  |  15:04:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: TPG Scheme approved by Court

TPG Telecom announced that the Supreme Court of NSW has made orders approving the scheme of arrangement between the Company and its shareholders ('Scheme') in relation to the proposed merger of the Company and Vodafone Hutchison Australia ('VHA'). The Company updated that it expects to lodge a copy of the orders of the Supreme Court of NSW approving the Scheme with the Australian Securities and Investments Commission on 29 June 2020, at which time the Scheme will become legally effective. As reported, it is expected that the Company's shares will be suspended from trading on ASX from the close of trading on 29 June 2020. The Company further updated that the Scheme is expected to be implemented on 13 July 2020.

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