Estia Health suspension from quotation announcement

Estia Health Limited (ASX:$EHE) has announced the suspension of its securities from quotation at the close of trading on Wednesday, 6 December 2023. This follows the lodgement of the Supreme Court of New South Wales orders with ASIC, approving the scheme of arrangement by which Firebird BidCo Pty Ltd will acquire all of the issued shares in EHE.

Executive commentary on the suspension from quotation

The company is pleased to announce the approval of the scheme of arrangement by the Supreme Court of New South Wales, allowing Firebird BidCo Pty Ltd to acquire all issued shares in Estia Health Limited. This marks a significant step in the acquisition process and reflects the commitment of both parties to the successful completion of the transaction.

Summary of Estia Health's suspension from quotation

Estia Health Limited (ASX:EHE) has announced the suspension of its securities from quotation following the approval of the scheme of arrangement by the Supreme Court of New South Wales. The acquisition by Firebird BidCo Pty Ltd of all issued shares in EHE demonstrates a pivotal development in the company's corporate strategy. The successful completion of the transaction is anticipated to further solidify Estia Health's position in the market and drive its future growth and expansion.