AI assistant
REA GROUP LTD — M&A Activity 2021
Jun 16, 2021
65679_rns_2021-06-16_8c112614-b7b7-4ede-b262-ab4c2a3b503d.pdf
M&A Activity
Open in viewerOpens in your device viewer
17 June 2021
==> picture [141 x 58] intentionally omitted <==
Court approval of Scheme
Mortgage Choice Limited (ASX: MOC) ( Mortgage Choice ) is pleased to announce that the Supreme Court of New South Wales ( Court ) has today made orders approving the scheme of arrangement between Mortgage Choice and its shareholders ( Scheme ). The Scheme, once implemented, will result in Mortgage Choice becoming wholly owned by REA Financial Services Holding Co. Pty Ltd, a wholly owned subsidiary of REA Group Ltd (ASX: REA).
Mortgage Choice will lodge a copy of the Court's orders with the Australian Securities and Investments Commission tomorrow (Friday, 18 June 2021), after which the Scheme will become legally effective.
Mortgage Choice will also request trading in its shares to be suspended from close of trading on ASX tomorrow (Friday, 18 June 2021).
The key dates for implementation of the Scheme are set out below.
| Event | Expected date |
|---|---|
| Effective Date(Date on which the Scheme becomes effectiveand bindingon Mortgage Choice shareholders) | Friday, 18 June 2021 |
| Last day of trading in Mortgage Choice shareson the ASX (Mortgage Choice shares will besuspended from trading on the ASX from closeof trading) | Friday, 18 June 2021 |
| Scheme Record Date(Date for determining entitlements to Schemeconsideration) | Tuesday, 22 June 2021 |
| Implementation date(Date on which Mortgage Choice shareholdersparticipating in the Scheme will receive theScheme consideration) | Thursday, 1 July 2021 |
For further information in relation to the Scheme, please contact the Mortgage Choice Shareholder Information Line on 1300 034 141 (within Australia) or +61 03 9415 4816 (outside Australia) between 8.30am and 5.00pm (Sydney time) Monday to Friday, excluding public holidays.
The release of this announcement was authorised by Scott Stierli, Company Secretary.
Home Loans | Financial Planning | Credit Cards | Insurance | Car Loans | Business Lending
P.O. Box 457, North Sydney NSW 2059 T 02 8907 0444 F 02 9922 1258 W MortgageChoice.com.au Mortgage ChoiceLimited ABN 57 009 161 979. Australian Credit Licence 382869. FinChoice Pty Limited ABN 97158 645 624. AFSL 422854.
==> picture [140 x 57] intentionally omitted <==
For further information, please contact:
Matthew Gregorowski Citadel-MAGNUS +61 422 534 755
Emma Dupont-Brown
Mortgage Choice Corporate Communications +61 422 219 833 - emma.dupont [email protected]
Important information
This article is for general information purposes only. It has been prepared without considering your objectives, financial situation or needs. You should, before acting on the advice, consider its appropriateness to your circumstances.
About Mortgage Choice
Mortgage Choice is an ASX listed company that seeks to help Australians with all of their financial needs.
Established in 1992, Mortgage Choice was originally established to help Australians improve their financial situation by offering a choice of home loan providers, coupled with the expert advice of a mortgage professional.
Since that time, the company has grown and developed into a fully-fledged financial services provider.
Today, Mortgage Choice helps customers source car loans, personal loans, credit cards, commercial loans, asset finance, deposit bonds, and risk and general insurance.
Further, the company offers Australians access to real, relevant and affordable financial advice through our qualified financial advisers.
Mortgage Choice has no balance sheet or funding risk, and consistently delivers strong profits and attractive yields. It listed on the ASX in 2004 (MOC) and is a member of the Mortgage & Finance Association of Australia (MFAA).
Mortgage Choice holds an Australian Credit Licence: no. 382869 and FinChoice Pty Limited holds an Australian Financial Services Licence: no. 422854. Both licences are issued by ASIC.
Visit www.mortgagechoice.com.au or call customer service on 13 77 62.
Home Loans | Financial Planning | Credit Cards | Insurance | Car Loans | Business Lending
P.O. Box 457, North Sydney NSW 2059 T 02 8907 0444 F 02 9922 1258 W MortgageChoice.com.au
Mortgage Choice Limited ABN 57 009 161 979. Australian Credit Licence 382869. FinChoice Pty Limited ABN 97158 645 624.AFSL 422854.