Court Approves Cardno's Demerger Scheme

  • Oct 18, 2019 AEDT
  • Team Kalkine

Cardno Limited (ASX: CDD) announced that the federal Court of Australia has approved the demerger scheme to affect the demerger of Intega Group Limited from Cardno. The demerger was approved by Cardno’s shareholders at the Scheme Meeting and General Meeting which was held on 10th October.

Intega is expected to commence trading on ASX under the code of “ITG” on 22nd October 2019, initially on a deferred settlement basis and Cardno shares will trade on an ex-entitlement basis from 22nd October 2019. The demerger is expected to be implemented on 31st October 2019.

At AEST 01:10 PM, the stock was trading at $0.960 per share, up by 1.053% from its previous close.


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