Company News Summary
Tabcorp Holdings Announces Demerger Scheme Effective
23 May 2022 | 12:06:00 | Associate analysts | Increase | Decrease | 
Original announcement: Demerger Scheme Effective
Tabcorp Holdings announced that the scheme of arrangement (Scheme) for the demerger of The Lottery Corporation (The Lottery Corporation) from the Company (Demerger) has become Effective (as that term is defined in the Demerger Booklet made available to shareholders). The Company on 23 May 2022, lodged the orders of the Supreme Court of NSW with the Australian Securities and Investments Commission. The Lottery Corporation securities are expected to commence trading on ASX on 24 May 2022 under the ASX code 'TLC', initially on a deferred settlement basis. The Demerger is expected to be implemented on 1 June 2022. Other dates for implementing the Demerger are set out in the Demerger Booklet.
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