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IPH LIMITED — M&A Activity 2019
Jul 24, 2019
65137_rns_2019-07-24_cef9f738-508d-4505-8a96-e40249c3a331.pdf
M&A Activity
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ASX Announcement
25 July 2019
Xenith (ASX: XIP) shareholders approve proposed Scheme of Arrangement
IPH Limited ( IPH ) is pleased to advise that shareholders of Xenith IP Group Limited ( Xenith ) today approved the Scheme of Arrangement under which it is proposed that IPH acquire all of the shares in the capital of Xenith (not already held by IPH).
The Scheme remains subject to other conditions, including approval by the Federal Court at a Second Court hearing.
IPH Managing Director & CEO, Dr Andrew Blattman welcomed the support from Xenith shareholders for the Scheme.
“It’s pleasing to see the strong endorsement from Xenith shareholders in favour of the Scheme. We believe a combination of IPH and Xenith provides the opportunity to deliver compelling benefits to both IPH and Xenith employees, clients and shareholders.”
Key dates for implementation of the Scheme are set out below.
| Event | Date |
|---|---|
| Second Court Date | 31 July2019 |
| Effective Date | 1 August 2019 |
| Record Date | 8 August 2019 |
| Election Date | 8 August 2019 |
| Implementation Date | 15 August 2019 |
IPH will continue to keep shareholders updated on the transaction.
Ends
For more information, please contact:
Martin Cole
Capital Markets Communications Tel: +61 403 332 977
About IPH Limited
IPH Limited (“IPH”, ASX:IPH), the holding company of Spruson & Ferguson, Practice Insight, Pizzeys and AJ Park, is the leading intellectual property (“IP”) services group in the Asia-Pacific region offering a wide range of IP services and products. These services are provided across Australia, New Zealand, Papua New Guinea, the Pacific Islands and Asia from offices in Sydney, Brisbane, Melbourne, Canberra, Auckland, Wellington, Singapore, Kuala Lumpur, Jakarta, Beijing, Hong Kong and Bangkok. The group comprises a multidisciplinary team of approximately 630 people, including some of the most highly regarded IP professionals in the Asia-Pacific region. The team services a diverse client base of Fortune Global 500 companies and other multinationals, public sector research organisations, foreign associates and local clients. IPH was the first IP services group to list on the Australian Securities Exchange.
IPH Limited | ABN 49 169 015 838
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