NZ Windfarms has announced that it has received final court approval for the scheme of arrangement, under which Meridian Energy will acquire all of the fully paid ordinary shares in NZ Windfarms that it does not already own.
The company said it has applied to NZX for the suspension of trading in its shares and for delisting, pending the implementation of the scheme.
The timetable for the implementation of the scheme is as follows: trading halt date on July 18, 2025, record date on July 23, 2025, implementation date on July 30, 2025, and delisting date on July 30, 2025.
Shareholders who hold NZ Windfarms' shares on the record date will be entitled to receive the scheme consideration of 25 cents per share in cash, to be paid on the implementation date.
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