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ADVANCED SHARE REGISTRY ENTERS INTO SCHEME IMPLEMENTATION DEED WITH AUTOMIC
Key Highlights
• ASW has entered into a Scheme Implementation Deed with Automic Enterprise Pty Ltd (Automic), an entity associated with the Automic Group, to acquire 100% of the fully paid ordinary shares of ASW by way of a scheme of arrangement (Scheme)
• ASW shareholders will receive $0.165 per ASW share in cash under the Scheme (Scheme Consideration). ASW may pay a fully franked dividend of up to $0.0025, and if paid, this amount will be deducted from the Scheme Consideration
• The Scheme Consideration provides certainty of value to ASW shareholders and represents an attractive premium of 32% to the closing share price of $0.125 on 7 September 2023, 26.9% premium to the 30-day VWAP to 7 September 2023 of $0.131 per share and 27.9% premium to the 90-day VWAP to 7 September 2023 of $0.129 per share
• The Board of ASW unanimously recommends that ASW shareholders vote in favour of the Scheme, and intend to vote all of the ASW shares in their control, comprising 58.83% of total issued capital, in favour of the Scheme in the absence of a superior proposal and subject to the independent expert opining that the Scheme is in the best interests of ASW shareholders
Advanced Share Registry Limited (ASX: ASW) (ASW or the Company) is pleased to announce that it has entered into a Scheme Implementation Deed with Automic under which Automic will acquire 100% of the fully paid ordinary shares in the Company (ASW Shares) by way of scheme of arrangement for cash consideration of $0.165 per share.
ASW will have the discretion to declare and pay shareholders a fully franked dividend of up to a maximum of $0.0025 per share (Permitted Dividend), depending on the availability of franking credits (noting that ASW paid a fully franked dividend of $0.005 per share on 18 August 2023).
To the extent the Permitted Dividend is declared and paid, the cash consideration of $0.165 per share will be reduced by the cash amount of the Permitted Dividend. Shareholders will be informed of any Permitted Dividend declared by the Company by way of ASX announcement.
ASW’s Board unanimously recommends the Scheme, and intend to vote in favour the 58.83% of issued capital they hold or control.
part of a much larger release
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DYOR
i hold ASW
a rather illiquid stock , but has been a steady earner for me since July 2013
https://www.aussiestockforums.com/threads/asw-advanced-share-registry.20500/reply?quote=1210900
a damn shame IMO , this has been a gem albeit a little boring ( but i will crystallize a profit if it goes through )
Report
Key Highlights
• ASW has entered into a Scheme Implementation Deed with Automic Enterprise Pty Ltd (Automic), an entity associated with the Automic Group, to acquire 100% of the fully paid ordinary shares of ASW by way of a scheme of arrangement (Scheme)
• ASW shareholders will receive $0.165 per ASW share in cash under the Scheme (Scheme Consideration). ASW may pay a fully franked dividend of up to $0.0025, and if paid, this amount will be deducted from the Scheme Consideration
• The Scheme Consideration provides certainty of value to ASW shareholders and represents an attractive premium of 32% to the closing share price of $0.125 on 7 September 2023, 26.9% premium to the 30-day VWAP to 7 September 2023 of $0.131 per share and 27.9% premium to the 90-day VWAP to 7 September 2023 of $0.129 per share
• The Board of ASW unanimously recommends that ASW shareholders vote in favour of the Scheme, and intend to vote all of the ASW shares in their control, comprising 58.83% of total issued capital, in favour of the Scheme in the absence of a superior proposal and subject to the independent expert opining that the Scheme is in the best interests of ASW shareholders
Advanced Share Registry Limited (ASX: ASW) (ASW or the Company) is pleased to announce that it has entered into a Scheme Implementation Deed with Automic under which Automic will acquire 100% of the fully paid ordinary shares in the Company (ASW Shares) by way of scheme of arrangement for cash consideration of $0.165 per share.
ASW will have the discretion to declare and pay shareholders a fully franked dividend of up to a maximum of $0.0025 per share (Permitted Dividend), depending on the availability of franking credits (noting that ASW paid a fully franked dividend of $0.005 per share on 18 August 2023).
To the extent the Permitted Dividend is declared and paid, the cash consideration of $0.165 per share will be reduced by the cash amount of the Permitted Dividend. Shareholders will be informed of any Permitted Dividend declared by the Company by way of ASX announcement.
ASW’s Board unanimously recommends the Scheme, and intend to vote in favour the 58.83% of issued capital they hold or control.
part of a much larger release
==========================================================================================
DYOR
i hold ASW
a rather illiquid stock , but has been a steady earner for me since July 2013
https://www.aussiestockforums.com/threads/asw-advanced-share-registry.20500/reply?quote=1210900
a damn shame IMO , this has been a gem albeit a little boring ( but i will crystallize a profit if it goes through )
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