Overview of Scheme Implementation Deed

Link Administration Holdings Limited (ASX:LNK) has announced the entry into a scheme implementation deed with Mitsubishi UFJ Trust & Banking Corporation for the acquisition of 100% of its shares. The Scheme offers Link Group shareholders $2.10 cash per share plus a dividend of $0.16 cash per share, totaling $2.26 per share. The acquisition values Link Group equity at $1.2 billion and implies an enterprise value of $2.1 billion. The Board unanimously recommends that shareholders vote in favor of the Scheme, subject to the Independent Expert's conclusion that it is in the best interests of shareholders.

Executive Commentary on the Acquisition

The announcement also includes statements from Link Group's Chair and CEO, expressing confidence in the proposed transaction and its potential benefits for shareholders and stakeholders.

Outlook and Key Provisions

The scheme implementation deed outlines the terms and conditions of the proposed acquisition, including the Scheme Consideration, Link Permitted Dividend, provision of Link Share Register, Link Equity Incentives, and Implementation obligations. The announcement also provides insights into the notification obligations, releases, confidentiality, exclusivity, termination, and other provisions related to the proposed transaction. Shareholders are advised to review the Scheme Booklet for comprehensive information. The acquisition is subject to various conditions, including regulatory approvals, shareholder approval, and Court approval, with the Scheme Meeting expected to be held in May 2024 and implementation anticipated in June 2024, subject to regulatory and shareholder approval.