Tuesday 12th April 2022 |
Text too small? |
Z Energy Limited (NZX/ASX: ZEL) (“Z”) has been advised by Ampol Limited (“Ampol”) that the New Zealand Overseas Investment Office (“OIO”) has granted Ampol consent to acquire 100% of Z, via Ampol Holdings NZ Limited (a wholly owned subsidiary of Ampol).
Ampol’s receipt of OIO consent is an important step in progressing Ampol’s proposed acquisition of Z by way of a Scheme of Arrangement (“Scheme”).
The remaining key condition is approval by the High Court. The application for Final Court Orders approving the Scheme is now scheduled to be considered before the presiding judge at the High Court in Wellington on Tuesday 26 April 2022 to allow for sufficient notice of the expected implementation of the Scheme to be provided to New Zealand Commerce Commission.
If High Court approval is obtained, the Scheme is expected to be implemented in mid-May 2022. Z will release further announcements regarding dates in due course.
No comments yet
BPG - Blackpearl Acquires US AI Platform to Accelerate Growth
TGG - Response to media speculation
ARB - Annual Meeting Date and Director Nominations
CNU - Q4 FY25 Connections Update
MOVE FY25 Results and Investor Briefing 29 August 2025
RYM - First quarter trading update
July 11th Morning Report
IKE Announces equity raising of A$20 million
Chorus full year results date
FPH 2025 Notice of Annual Meeting and Voting Form