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ELDERS LIMITED M&A Activity 2019

Oct 28, 2019

64835_rns_2019-10-28_b295567e-9510-409f-8648-e70457bd342a.pdf

M&A Activity

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29 October 2019

Federal Court of Australia Approves AIRR Scheme

Elders Limited (ASX:ELD) ( Elders ) is pleased to announce that the Federal Court of Australia ( Court ) has today made orders approving the scheme of arrangement ( Scheme ) for the proposed acquisition by Elders of 100% of the issued shares in AIRR Holdings Limited ( AIRR ).

It is expected that an office copy of the Court's orders will be lodged with the Australian Securities and Investments Commission ( ASIC ) on Wednesday, 30 October 2019, at which time the Scheme will become legally effective.

Expected timetable

Set out below is the expected timetable for the implementation of the Scheme.

Description	Date1
Lodgement of Court's orders and Effective Dateof the Scheme	Wednesday, 30 October 2019
Permitted special dividend record date	5.00pm Friday, 1 November 2019
Scheme Record Date	5.00pm Wednesday, 6 November 2019
Implementation Date	Wednesday, 13 November 2019

1 All dates and times are indicative only.

1