Donaco set to delist from ASX following court approval
Court approval clears final step in acquisition and trading suspension.
Key points:
– The Supreme Court of New South Wales has approved Donaco’s scheme of arrangement, enabling On Nut Road Limited to acquire the remaining shares
– Donaco will be delisted from the ASX following a trading suspension effective from close of business on 8 August
Donaco has confirmed that the Supreme Court of New South Wales has approved the scheme of arrangement under which ONR will acquire all of the shares in Donaco that it does not already own.
In accordance with the Corporations Act 2001, the Scheme becomes effective once the Court’s orders are lodged with the Australian Securities and Investments Commission (ASIC). Donaco expects to complete this lodgement on 8 August 2025.
Following lodgement, Donaco’s shares will be suspended from trading on the ASX at the close of trading on 8 August 2025. As a result, Donaco will be removed from the official list of the ASX.
Good to know: Shareholders on the register as at 12 August will receive consideration on 19 August
The Scheme Record Date is 5.00pm (AEST) on 12 August 2025. This is the date at which shareholder entitlements under the Scheme will be determined. Shareholders recorded on the register at that time will be eligible to receive the Scheme consideration.
Implementation of the Scheme is scheduled for 19 August 2025. On that date, consideration will be paid to eligible shareholders in accordance with the terms of the Scheme.
Should any adjustments to the timetable be required, Donaco will provide an update via ASX announcements and its website.
For context, the vote came amid ongoing operational and financial challenges, especially at its Cambodian venue near the Thai border. A total of 98.1% of shareholder votes cast supported the scheme at a meeting held on 1 August.
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