Acquisition by Nippon Paint Holdings Co., Ltd.
On 21 August 2019 a Scheme of Arrangement was implemented under which Nippon Paint Holdings Co., Ltd. ('Nippon') acquired 100% of DuluxGroup shares. As a result, DuluxGroup Shares were removed from the Australian Securities Exchange (ASX)
On 17 April 2019 DuluxGroup Limited announced that it had entered into a Scheme Implementation Deed with Nippon Paint Holdings Co., Ltd. ('Nippon') under which Nippon proposes to acquire 100% of DuluxGroup shares.
At a Scheme Meeting on 31 July 2019, the resolution to approve the Scheme was approved by the requisite majorities of DuluxGroup shareholders. A webcast of the Scheme Meeting is available. here
Federal Court approves the Scheme
The Federal Court of Australia approved the Scheme at a hearing on 6 August 2019.
Scheme Consideration paid on 21 August 2019
DuluxGroup shareholders on the share register on the Scheme Record Date (being 7:00pm (AEST) on 14 August 2019) were paid the Scheme Consideration of $9.37 per DuluxGroup share by Nippon on 21 August 2019.
DuluxGroup Shares acquired as a result of Orica Demerger Scheme of Arrangement
DuluxGroup shareholders who acquired DuluxGroup Shares as a result of the Scheme of Arrangement to demerge DuluxGroup from Orica can find more information regarding share acquisition cost base and related taxation information at www.Orica.com
Time and Date
|First court hearing
||14 June 2019
|Scheme Booklet sent to shareholders
||21 June 2019
|Last date for proxy forms
||2:00pm on 29 July 2019
|Eligibility to vote
||7:00pm on 29 July 2019
||2:00pm on 31 July 2019
|Second Court Hearing
||10.15am on 6 August 2019
||6 August 2019
|Scheme Record Date
||14 August 2019
||21 August 2019