Overview of Origin Energy Scheme Meeting 2023

Origin Energy Limited (ASX:ORG) chaired the Scheme Meeting on 4 December 2023 to vote on the proposed acquisition of all shares by the Brookfield-led Consortium and EIG. The Scheme involves a cash consideration of approximately $9.39 per share, subject to shareholder approval and court sanction.

Chair's Address at Origin Energy Scheme Meeting 2023

Scott Perkins, Chair of Origin Energy Limited, welcomed shareholders to the Scheme Meeting and outlined the purpose of the meeting, emphasizing the importance of shareholder participation in voting on the proposed acquisition. He highlighted the revised proposal from the Consortium, the cash consideration involved, and the Board's recommendation to proceed with the vote.

Summary of Origin Energy Scheme Meeting 2023

The Scheme Meeting aimed to secure shareholder approval for the proposed acquisition, offering a cash consideration of approximately $9.39 per share. The Board recommended a favorable vote, citing the absence of a Superior Proposal and the Independent Expert's conclusion that the Scheme is in the best interests of Origin shareholders. The meeting also addressed reasons for and against the Scheme, the status of conditions precedent, and the formal business of voting on the Scheme Resolution.