Marsden Maritime Holdings has announced that the High Court has approved the scheme of arrangement with a consortium comprising Northland Regional Council, Port of Tauranga, and Ngāpuhi Investment Fund.
Under the scheme, the consortium will acquire all Marsden Maritime shares, except for those already held by Northland Regional Council, at a price of $5.60 per share in cash.
The company has requested the suspension of trading in its shares and delisting from the NZX, pending the final conditions and implementation of the scheme.
The last day of trading in Marsden Maritime shares is scheduled for June 17, 2025, with the scheme record date set for June 19, 2025, and the implementation date on June 26, 2025.
Shareholders who wish to participate in the scheme do not need to take any further action, while those who do not wish to participate must sell their shares before the close of trading on June 17, 2025.
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