Manawa Energy has released an electronic version of the scheme booklet and notice of meeting for a special meeting of shareholders to vote on the proposed scheme of arrangement with Contact Energy.
Under the scheme, Manawa shareholders will receive $1.12 per share in cash, plus 0.5830 new Contact shares for every Manawa share held.
The implied consideration of $6.37 per share is above the independent adviser's valuation range of $5.35 to $6.17 per share.
Manawa's directors have unanimously recommended that shareholders vote in favour of the scheme.
Shareholders are encouraged to vote at the scheme meeting, which will be held on June 18, 2025.
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