Schrole Group scheme of arrangement completion

Schrole Group Ltd (ASX:SCL) has announced the completion of the scheme of arrangement with its shareholders, following the approval by the Supreme Court of Western Australia. The scheme is now effective, and Schrole shares will be suspended from ASX quotation at the close of normal trading on 20 September 2024.

Executive commentary on scheme of arrangement completion

The completion of the scheme of arrangement marks an important milestone for Schrole Group. We are pleased with the approval by the Supreme Court of Western Australia, and we believe this decision will benefit our shareholders and the company as a whole. We will continue to provide updates and information regarding any changes to the timetable through ASX announcements and our website.

Summary of Schrole Group scheme of arrangement completion

Schrole Group Ltd (ASX:SCL) has successfully completed the scheme of arrangement with its shareholders, as approved by the Supreme Court of Western Australia. The scheme is now effective, leading to the suspension of Schrole shares from ASX quotation. The company will communicate any changes to the timetable through ASX announcements and its website. The completion of the scheme of arrangement signifies a significant step forward for Schrole Group, and the company remains committed to providing further updates to its stakeholders.