The trading of shares in RE&S Holdings will be suspended on and from 9am on Sept 2. The last day of trading of RE&S Holdings’ shares will be on Aug 30.
The announcement, dated Aug 26, comes after the scheme of arrangement by Relish Investments was sanctioned by the court on the same day.
On July 31, Relish Investments announced that it was seeking to acquire all of RE&S Holdings’ shares and take it private.
Should all of the scheme conditions be satisfied, the scheme will become effective and binding upon the lodgement of the scheme court order with the Accounting and Corporate Regulatory Authority (ACRA).
The transfer books and the RE&S Holdings members' register will be closed at 5pm on Sept 3 to determine the entitlements of the target shareholders under the scheme.
Shareholders can expect to receive their scheme consideration payout by Oct 15. RE&S Holdings is expected to be delisted on Oct 17.
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Shares in RE&S Holdings closed at an unchanged 36 cents on Aug 26.
