Promisia shareholders approve Cromwell acquisitions

Promisia shareholders have voted in favour of three resolutions at a special meeting.

The resolutions were passed during the meeting, which was held on July 31 and conducted by poll.

Shareholder approval conditions for acquiring the Golden View and Ripponburn villages in Cromwell acquisitions have now been satisfied, along with the finance conditions.

The acquisitions are still pending statutory supervisor approval and the absence of any material adverse change in relation to the assets being acquired.

Promisia expects these remaining conditions to be met and the completion of the acquisitions to take place in August 2024.