Comvita's board has unanimously recommended that shareholders vote in favour of the proposed scheme of arrangement, under which Florenz would acquire all shares in Comvita for $0.80 per share in cash.
The scheme consideration is within the independent adviser's assessed valuation range of $0.70-$0.92 per share.
Shareholders have been encouraged to review the materials carefully and seek independent advice before casting their votes.
The scheme meeting will be held on November 14, 2025, and if approved, the scheme consideration will be paid on December 10, 2025.
Comvita's two largest shareholders, Li Wang and China Resources Enterprise, who collectively hold about 18% of the company's shares, have confirmed their support for the scheme.
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