Court Approves Schemes of Arrangement

Summary by 6ix AI

Noumi Limited has announced that the Supreme Court of New South Wales has approved schemes of arrangement for the acquisition of shares and cancellation of options. Under the schemes, Arrovest will acquire all scheme shares for a specified amount, while scheme options will be cancelled for a different amount. The company expects to lodge the court orders with ASIC, making the schemes legally effective and binding on securityholders. Quotation of Noumi shares and options on the ASX will be suspended following the effective date of the schemes.

Written by 6ix AI from the company’s filing. How 6ix writes summaries