Court Grants Approval for Donaco International's Acquisition Plan, Halts Stock Trading Temporarily
Donaco International Limited has announced that the Supreme Court of New South Wales has approved a scheme of arrangement, allowing On Nut Road Limited to acquire 100% of the shares in Donaco that it does not already own.
The timeline for the acquisition is as follows:
- The Supreme Court of New South Wales approved the scheme of arrangement on August 7, 2025.
- On August 8, 2025, Donaco lodged the court orders with the Australian Securities and Investments Commission (ASIC), marking the Effective Date. Donaco shares were suspended from trading on the ASX at the close of trading that day.
- The Scheme Record Date is set for 5:00 pm (AEST) on Tuesday, August 12, 2025. This date determines which shareholders are entitled to receive the scheme consideration.
- It is expected that the scheme will be implemented, and the Scheme Consideration (A$0.045 per Donaco share) will be paid to shareholders on Tuesday, August 19, 2025.
Shareholders with questions about the scheme can contact the Donaco Shareholder Information Line at +61 8 6430 1300 or email [email protected]. The shareholder information line is available Monday to Friday (excluding public holidays) between 9:00am and 5:00pm (AWST).
All times and dates are referenced in Australian Eastern Standard Time (AEST) and are indicative only, subject to change with appropriate announcements. The timetable of events regarding the scheme is a reference to Australian Eastern Standard Time (AEST) and dates in Sydney, Australia.
The authorization for this information comes from the Donaco board. It is expected that Donaco shares will be suspended from trading on the ASX with effect from the close of trading on August 8, 2025. A copy of the ASX announcement can be viewed by clicking here.
Any changes to the timetable will be announced on ASX and notified on Donaco's website. The key remaining dates expected for the scheme are not provided in this announcement, but can be found on Donaco's website at https://www.donacointernational.com. A copy of the orders approving the scheme has been lodged with the Australian Securities and Investments Commission.
- The acquisition of Donaco International Limited's remaining shares by On Nut Road Limited, as approved by the Supreme Court of New South Wales, is expected to significantly impact the casino business finance structure.
- Post the implementation of the scheme of arrangement, Donaco International Limited's shares will no longer be tradable on the ASX, potentially altering the business landscape of the finance sector.
