QANTM Intellectual Property scheme of arrangement approval

QANTM Intellectual Property Limited (ASX: $QIP) is pleased to announce that the Supreme Court of New South Wales has approved the proposed scheme of arrangement under which Fox BidCo Pty Ltd will acquire 100% of the shares in QANTM.

Executive Commentary on Scheme Approval

The Supreme Court of New South Wales approval of the scheme of arrangement marks a significant milestone for QANTM Intellectual Property. We are pleased with the Court's decision and look forward to the next steps in the acquisition process.

Summary of Scheme Approval and Outlook

QANTM Intellectual Property Limited has received approval from the Supreme Court of New South Wales for the proposed scheme of arrangement, allowing Fox BidCo Pty Ltd to acquire 100% of the company's shares. The scheme is expected to become legally effective and binding on QANTM Shareholders upon lodgement of Court orders with ASIC on August 5, 2024. QANTM will also request the suspension of QANTM Shares from trading on the same day. The company has provided an indicative timetable for the implementation of the Scheme and payment of the Special Dividend, subject to potential changes. This development reflects QANTM's commitment to its corporate strategy and growth, and the company looks forward to the successful completion of the acquisition process.