Platinum Capital Limited's Scheme Implementation Deed

Platinum Capital Limited (ASX:PMC) has entered into a scheme implementation deed with Platinum Investment Management Limited to undertake a scheme of arrangement, subject to shareholder and Court approvals. The scheme involves exchanging the company's shares for units in the Fund at a ratio based on the Fund's net asset value and the company's post-tax net tangible assets. Additionally, the company's investment portfolio will be transferred to the Platinum International Fund, and the company will be delisted from the ASX. The board unanimously recommends the scheme, and shareholders are not required to take any action at this time. The scheme booklet, including details of the scheme, is expected to be circulated to all shareholders before the end of the calendar year. The indicative timetable for the scheme is also provided in the announcement.

Executive Commentary on Scheme Implementation Deed

The company has entered into a scheme implementation deed with Platinum Investment Management Limited, outlining the terms and conditions for the proposed scheme of arrangement. The scheme aims to address the share price discount to the company's net tangible assets and provide shareholders with continued access to the same global investment strategy. The board unanimously recommends the scheme, and shareholders are not required to take any action at this time. The scheme booklet, including details of the scheme, is expected to be circulated to all shareholders before the end of the calendar year. The indicative timetable for the scheme is also provided in the announcement.

Summary of Scheme Implementation Deed

Platinum Capital Limited has entered into a Scheme Implementation Deed with Platinum Investment Management Limited, outlining the terms and conditions for the proposed scheme of arrangement. The scheme involves exchanging the company's shares for units in the Fund at a ratio based on the Fund's net asset value and the company's post-tax net tangible assets. The company's investment portfolio will be transferred to the Platinum International Fund, and the company will be delisted from the ASX. The board unanimously recommends the scheme, and shareholders are not required to take any action at this time. The scheme booklet, including details of the scheme, is expected to be circulated to all shareholders before the end of the calendar year. The indicative timetable for the scheme is also provided in the announcement. The Scheme Implementation Deed outlines the post-implementation procedures, including dividend payment, company asset transfer, issue of underlying units, delisting, board changes, representations, confidentiality, liability, termination, GST, and general provisions. The document also includes the indicative timetable and scheme consideration details.