Tilt Renewables Limited (NZX: TLT) Completion of Scheme of Arrangement

Tilt Renewables Limited, confirms that its New Zealand incorporated subsidiaries were acquired by Mercury Wind Limited this morning and, following that, 100% of the shares in Tilt Renewables were acquired by Powering Australian Renewables. Tilt Renewables' share registry, Computershare, has confirmed that the Scheme consideration (at NZD8.035 per share) is being despatched to shareholders today.

The exchange rate applying to payments in Australian currency is NZD1.00 to AUD0.94789.

The above acquisitions were made under the scheme of arrangement approved by Tilt Renewables' shareholders on 15 July 2021 and by the High Court of New Zealand on 23 July 2021.

Tilt Renewables will cease to be listed on NZX today and ASX tomorrow.

Please see the link below for details

Tilt Renewables Limited - Completion of Scheme of Arrangement

Source: Tilt Renewables Limited

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.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

EROAD Appoints New Director Progressing Board Renewal
OCA delivered record full year result
BLT - Strong revenue and underlying earnings growth
MFB - Food Bag reports full year profitability up 5.3%
TWR - Tower reports strong HY earnings
IPL - FY26 Annual Results
May 21st Morning Report
May 20th Morning Report
May 19th Morning Report
PYS - PaySauce to announce F26 full year results on 27 May 2026