Sharechat Logo

Oio Consents to Acquisition of Metlifecare

Monday 14th September 2020

Text too small?

Metlifecare Limited (NZX: MET , ASX: MEQ) has been advised by Asia Pacific Village Group Limited (APVG) that the New Zealand Overseas Investment Office (OIO) has granted APVG consent to acquire 100% of Metlifecare.

APVG’s receipt of OIO consent is an important step in progressing APVG’s proposed acquisition of Metlifecare by way of a Scheme of Arrangement (Scheme).

Following receipt of the consent, the remaining key conditions are the approval of the Scheme by Metlifecare’s shareholders and approval by the High Court. If the remaining conditions of the Scheme are satisfied, the acquisition is expected to complete on 29 October 2020.

Metlifecare shareholders will vote on the Scheme at a special meeting to be held on 2 October 2020. The notice of meeting and Scheme booklet, including the Independent Adviser’s report prepared by Calibre Partners, were released on 3 September 2020. The Scheme booklet contains all the information that Metlifecare shareholders should need to assess the merits of the Scheme before voting.

Shareholders are strongly encouraged to vote on the Scheme whether or not they support it and regardless of how many Metlifecare shares are held.

This announcement is authorised for release to the market by the Board of Metlifecare.

Source: Metlifecare Limited



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Heartland announces FY20 full year results
Geo Limited releases its FY20 Annual Report
Michael Hill International Limited announces 2020 annual report
Tower supports climate risk reporting
Tourism Holdings Limited Updated FY20 guidance
The Bankers Investment Trust Plc- Issue of Equity
Summerset Considers Retail Bond Offer
Z seeks previous corporate employees for remediation payment
SkyCity Announces Full Year Results
Arvida Announces First Quarter Dividend

IRG See IRG research reports