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IPH LIMITED — M&A Activity 2019
Jul 31, 2019
65137_rns_2019-07-31_c4fb8272-168a-4819-9a3b-3d3e0a83804c.pdf
M&A Activity
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1 August 2019
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XENITH IP GROUP LIMITED (ACN 607 873 209) ASX ANNOUNCEMENT
Federal Court of Australia approves scheme of arrangement
The Federal Court of Australia ( Court ) has made orders approving the scheme of arrangement between Xenith IP Group Limited (ASX:XIP) ( Xenith ) ( Scheme ) and its shareholders ( Court Orders ). Upon implementation of the Scheme IPH Limited ACN 169 015 838 ( IPH ) will acquire all of the Shares in Xenith that it does not already own for a combination of cash and scrip consideration.
Following the making of the Court Orders, Xenith today lodged a copy of the Court Orders with the Australian Securities and Investments Commission at which time the Scheme became legally effective.
Xenith will apply for its shares to be suspended from trading at the close of trade on the ASX today, 1 August 2019.
Key dates for implementation of the Scheme are set out below:
| Key dates | |
|---|---|
| Effective Date | Thursday, 1 August 2019 |
| Election Date | Thursday, 8 August 2019 at 7.00pm (Sydney time) |
| Scheme Record Date | Thursday, 8 August 2019 at 7.00pm (Sydney time) |
| New IPH Shares approved for official quotation on | Monday, 12 August 2019 |
| ASX (initially on a deferred settlement basis) | |
| Implementation Date | Thursday, 15 August 2019 |
| New IPH Shares approved for official quotation on | Friday, 16 August 2019 |
| ASX |
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For further information
Richard Newsome Cicero Communications Ph: 0402 056 047 [email protected]
Xenith IP Group Limited ACN 607 873 209 ASX Code: XIP
P: +61 2 9057 9100 Level 9, 60 Margaret Street, Sydney NSW 2000 www.xenithip.com
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About Xenith
Xenith IP Group Limited (ASX: XIP) is the holding company for the businesses of Griffith Hack, Shelston, Watermark and Glasshouse Advisory and their related corporate entities. The Group's core business is to provide a comprehensive range of IP services including identification, registration, management, valuation, commercialisation and enforcement of IP rights for a global client base including Fortune Global 500 companies, multinational, domestic and foreign corporations, research institutes, educational institutions, SMEs and entrepreneurs.
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