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.

 

All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK