Tilt Renewables Limited Completion of Scheme of Arrangement
TRANSACT
Tue, Aug 03 2021 03:35 pm
NZX AND ASX ANNOUNCEMENT
3 August 2021
TILT RENEWABLES LIMITED – COMPLETION OF SCHEME OF ARRANGEMENT
Tilt Renewables Limited (Tilt Renewables) (NZX: TLT, ASX: TLT), confirms that its New Zealand incorporated subsidiaries were acquired by Mercury Wind Limited this morning and, following that, 100% of the shares in Tilt Renewables were acquired by Powering Australian Renewables. Tilt Renewables' share registry, Computershare, has confirmed that the Scheme consideration (at NZD8.035 per share) is being despatched to shareholders today.
The exchange rate applying to payments in Australian currency is NZD1.00 to AUD0.94789.
The above acquisitions were made under the scheme of arrangement approved by Tilt Renewables' shareholders on 15 July 2021 and by the High Court of New Zealand on 23 July 2021.
Tilt Renewables will cease to be listed on NZX today and ASX tomorrow.
ENDS
For further information from Tilt Renewables, please contact:
Steve Symons
Chief Financial Officer
Tilt Renewables Limited
Phone +61 419 893 746
Announcement PDF
Markets News
Markets
Market Close
Vulcan Steel leads as reporting season approaches
The S&P/NZX 50 Index closed 55.30 points higher at 12,889.38.
Markets
Competition law changing to allow 'beneficial collaboration'
Confidential submissions to the Commerce Commission will get a 10-year OIA exemption.
Markets
Small Cap Wrap
Small cap spotlight: Blackpearl Group
Founder Nick Lissette says it's patriotic to be listed, but hard work.
