K2fly (ASX:K2F) scheme of arrangement update

K2fly Limited (ASX:K2F) has successfully implemented the proposed acquisition of 100% of its shares by Argyle Bidco Pty Limited, ultimately controlled by Accel-KKR Capital Partners VII, LP, via a scheme of arrangement under Part 5.1 of the Corporations Act 2001 (Cth). Shareholders who held K2fly shares at the Record Date have received $0.19 cash per share. K2fly shares were suspended from trading on 17 September and will be removed from the official list of ASX on 30 September 2024.

Executive commentary on scheme implementation

The scheme of arrangement has been successfully implemented, marking a significant milestone for K2fly. We are pleased to have completed the acquisition process, providing shareholders with the agreed cash consideration. We appreciate the support and understanding of our shareholders throughout this transition period.

Summary of scheme implementation and delisting

K2fly (ASX:K2F) has completed the implementation of the scheme of arrangement, with shareholders receiving $0.19 cash per share. The company's shares were suspended from trading on 17 September and will be delisted from the official list of ASX on 30 September 2024. The successful completion of the acquisition demonstrates K2fly's commitment to the agreed terms and marks a significant step in the company's corporate development. Shareholders who have further inquiries regarding the scheme can contact the K2fly Shareholder Information Line. K2fly expresses gratitude for the ongoing support from its shareholders during this process.