Overview of Paragon Care and CH2 Holdings Pty Ltd merger announcement

Paragon Care (ASX: $PGC) has announced the proposed merger with CH2 Holdings Pty Ltd through the acquisition of all of the issued share capital in CH2. This involves the issuance of approximately 943,524,071 shares in Paragon Care in exchange for the share capital of CH2. The merger was notified to ASX on 1 March 2024, with confirmation from ASX regarding the shareholder approval and listing rule requirements. Additionally, an investor presentation containing further details about the merger has been provided by Paragon Care.

Executive commentary on the proposed merger and shareholder recommendations

The Board of Directors unanimously recommends that Paragon Care shareholders vote in favor of the resolutions related to the merger at the general meeting, provided there is no superior proposal and subject to an independent expert concluding that the merger is fair and reasonable to Paragon Care shareholders. For further information, interested parties can contact John Walstab, the Chief Executive Officer at john.walstab@paragoncare.com.au.

Summary of Paragon Care and CH2 Holdings Pty Ltd merger announcement

Paragon Care (ASX: $PGC) has announced the proposed merger with CH2 Holdings Pty Ltd, involving the acquisition of all issued share capital in CH2. ASX has confirmed the shareholder approval and listing rule requirements for the merger. The Board of Directors recommends that Paragon Care shareholders vote in favor of the resolutions related to the merger at the general meeting, subject to certain conditions. The merger aims to further strengthen Paragon Care's position and strategic growth in the market.