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MYSTATE LIMITED — M&A Activity 2024
Oct 21, 2024
65395_rns_2024-10-21_e0e2f140-8d16-449f-b535-e434d2eb7aee.pdf
M&A Activity
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22 October 2024
Court approves convening of Scheme Meeting and distribution of Scheme Booklet
Auswide Bank Ltd (ASX: ABA) ( Auswide or the Company ) provides the following update in relation to the proposal for MyState Bank Limited (a wholly owned subsidiary of MyState Limited (ASX:MYS)) to acquire 100% of the fully paid ordinary shares in Auswide by way of a scheme of arrangement ( Scheme ).
Court orders
The Supreme Court of New South Wales has today made orders:
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that Auswide convene and hold a meeting of Auswide shareholders to consider and vote on the Scheme ( Scheme Meeting ); and
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approving the distribution to Auswide shareholders of an explanatory statement providing information about the Scheme and the notice of meeting for the Scheme Meeting ( Scheme Booklet ).
Scheme Booklet
The Scheme Booklet is expected to be released to ASX on Wednesday, 23 October 2024 following registration with the Australian Securities and Investments Commission. The Scheme Booklet will include a copy of an independent expert’s report. A copy of the Scheme Booklet will also be available on Auswide’s website (https://www.auswidebank.com.au) following release on ASX.
This announcement has been authorised by the Company Secretary.
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Doug Snell Managing Director +61 0414 887 659 [email protected]
Bill Schafer BCom CA Chief Financial Officer and Company Secretary +61 7 4150 4075 [email protected]
About Auswide Bank Ltd
Auswide Bank became Australia’s tenth and Queensland’s third Australian owned bank, listed and trading on the ASX, on April 1, 2015. The company had operated as a building society since 1966. Auswide Bank has an Australian Credit Licence and an Australian Financial Services Licence issued by ASIC and is an Authorised Deposit-taking Institution prudentially supervised by the Australian Prudential Regulation Authority. Auswide Bank offers Australians an extensive range of personal and business banking products & services issued directly or in partnership with leading service providers via an omni-channel distribution strategy which includes branches, strategic relationships and online & digital channels.