Nippon Acquisition

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


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
Scheme Meeting 2:00pm on 31 July 2019
Second Court Hearing 10.15am on 6 August 2019
Effective Date 6 August 2019
Scheme Record Date 14 August 2019
Implementation Date 21 August 2019