Scheme of Arrangement Implemented
TRANSACT
Wed, Nov 20 2024 09:14 am
Arvida Group Limited (Arvida) advises that the scheme of arrangement (Scheme) with Stonepeak Alps BidCo Limited (Stonepeak) has become unconditional and has now been implemented. Accordingly, all shares in Arvida have been transferred to Stonepeak and Computershare has commenced making payments to holders of Arvida shares as at 5:00pm (New Zealand time) on the Record Date of 1 November 2024.
Arvida shares will cease to be quoted on the NZX Main Board from close of business today. Arvida bonds (ARV010) will remain quoted on the NZX Debt Market.
– Ends –
Announcement PDF
Markets News
Markets
Market Close
NZ sharemarket up over 1.8% for the week
The S&P/NZX 50 Index closed at 13,130.43, up 129.76 points or 1%.
Markets
Brian Robins: Surviving Trump's ‘whack-a-mole’ tariffs
Trump's end game is to curtail China's trade position.
