Nippon Proposal

Acquisition Proposal by Nippon Paints

On 17 April 2019 DuluxGroup announced that it has entered into a Scheme Implementation Deed with Nippon under which Nippon Proposes to acquire 100% of DuluxGroup share for $9.80 by way of a Scheme of Arrangement .

At this point shareholders do not need to take any action. A Scheme booklet containing relevant information including an Independent Expert's Report is expected to be made available to shareholders in mid-late June 2019, and a shareholder vote in relation to the Scheme is expected to take place in late July or early August 2019.  

     
Event

Estimated Date
Draft Scheme Booklet provided to ASIC Late May 2019
First court hearing Mid to late June 2019
Scheme Booklet sent to shareholders Late June 2019
Scheme Meeting Late July - early August 2019
Second Court Hearing Early August 2019
Effective Date Early August 2019
Record Date Early to mid August 2019
Implementation Date Mid August 2019