Implementation of scheme of arrangement
TRANSACT
Wed, Mar 06 2024 10:28 am
Implementation of scheme of arrangement
MHM Automation Limited (NZX: MHM) (MHM) is pleased to confirm that the scheme of arrangement in relation to the acquisition of 100% of the shares in MHM by Bettcher Industries, Inc. through its wholly-owned subsidiary, Merlin NZD Bidco Limited (Bettcher NZ), (Scheme) has been implemented. Following implementation of the Scheme, Bettcher NZ holds 100% of the shares in MHM.
The Scheme consideration of NZ$1.70 per share in cash has today been paid to shareholders who held shares in MHM at 7.00pm on the Record Date (28 February 2024).
At the close of trading on 23 February 2024, trading in MHM shares on the NZX Main Board was suspended. MHM will be delisted from NZX by close of trading today.
ENDS
For further information in relation to this announcement please contact:
Trevor Burt, Chair
MHM Automation
+64 027 502 0050
Announcement PDF
Markets News
Markets
NZME financial results: $54.2m in earnings
NZ Herald and BusinessDesk publisher NZME posted earnings of $54.2 million on Wednesday and a post-tax loss of $16m after a non-cash impairment of intangible assets – and says it is considering separating its property brand OneRoof into an entirely new business.The company also s...
Markets
Meridian records losses as it 'takes a hit for NZ'
Dramatic drops in profit and earnings due to energy crunch.
Finance
Talley’s vs Bathurst court scrap bursts into the open
First signs of why the Motueka food empire is suing its coal mining partner.
