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Abano Healthcare Group Limited (NZX: ABA) Shareholders Vote in Favour of Scheme

Wednesday 25th November 2020

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Abano Healthcare Group Limited shareholders have voted in favour of the Scheme of Arrangement with Adams NZ Bidco Limited at a special meeting held today in Auckland.

Shareholders representing 64.7% of total Abano shares on issue, voted by proxy or at the meeting. Of the votes cast, 95.4% of votes were in favour of the scheme. All voting was conducted by a poll.

The final steps in the Scheme process will now be undertaken, including applying to the Court for final orders and applying to NZX to suspend trading in Abano shares. If the Court grants final orders (which Abano expects to occur) and subject to a limited number of customary conditions, payment of the headline Scheme price of $5.20 per share to shareholders is expected on 22 December 2020. An adjustment event which reduces the Scheme price can occur at any time prior to 8am on the implementation date of the Scheme, and the maximum reduction is 75 cents per Abano Share. There has been no adjustment event to date.

The last day of trading in Abano shares will be 14 December 2020 and the record time for determining shareholder entitlements to participate in the Scheme is 5pm on 16 December 2020.

See the links below for more details:

REL - Abano shareholders vote in favour of scheme of arrangement

Abano Special Meeting of Shareholders Voting Results

Source: Abano Healthcare Group Limited

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