Consortium’s Scheme of Arrangement approved

Consortium’s Scheme of Arrangement with Marsden Maritime Holdings approved by the High Court

The High Court has made final orders approving the scheme of arrangement (Scheme) under which Marsden Maritime Holdings NZX:MMH) (MMH) entered into an agreement with the Consortium comprising Northland Regional Council, Port of Tauranga Limited and Ngāpuhi Investment Fund Limited (Tupu Tonu) (together, the Consortium), for the acquisition of all MMH shares other than those already held by Northland Regional Council, at a price of NZ$5.60 per share in cash.

A copy of the sealed final orders of the High Court in relation to the Scheme are attached.

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Announcement PDF