Johns Lyng Group Limited (ASX:JLG) Shareholders to Vote on Proposed Scheme
Proposed Scheme Details
Johns Lyng Group Limited (JLG) has proposed a scheme of arrangement with Sherwood BidCo Pty Ltd to acquire 100% of its issued shares. General JLG Shareholders will receive $4.00 cash per share, while Relevant Shareholders can elect to receive scrip consideration or a combination of cash and scrip.
Shareholder Meetings
The Supreme Court of New South Wales has ordered separate meetings for General and Relevant Shareholders on Wednesday, 8 October 2025. Meetings will be held at MinterEllison’s Melbourne office and online via specified links.
Scheme Booklet Dispatch
The Scheme Booklet, containing detailed information and the Independent Expert’s Report, will be sent to JLG Shareholders by 8 September 2025, following registration with ASIC. A further announcement will follow upon registration.
Independent Directors’ Recommendation
The Independent Directors unanimously recommend voting in favour of the Scheme, subject to it being fair and reasonable per the Independent Expert’s evaluation. They intend to vote all their shares in favour of the Scheme.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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