PSC Insurance Group Limited (ASX:PSI) has provided an update regarding the proposed acquisition of PSC by Rosedale Bidco Pty Ltd, a member of The Ardonagh Group. The Federal Court of Australia (Victoria Registry) will hold a Second Court Hearing on Tuesday, 1 October 2024, at 2:15pm, to consider the approval of the Scheme, subject to shareholders' requisite majorities' approval at the scheme meetings on 26 September 2024.
The Second Court Hearing represents a crucial step in the acquisition process. We encourage our shareholders to review the Scheme Booklet and seek any necessary clarification through our Scheme Information Line. We remain committed to transparency and providing our shareholders with the opportunity to participate in the process.
PSC Insurance Group Limited (ASX:PSI) has announced the upcoming Second Court Hearing, subject to shareholders' approval at the scheme meetings. Shareholders are informed of their right to oppose the Scheme's approval at the Second Court Hearing and the necessary procedures to exercise this right. The company emphasizes the importance of shareholder participation and encourages them to seek further information through the Scheme Information Line. The announcement reflects PSC's commitment to transparency and shareholder engagement throughout the acquisition process.