Innocean Worldwide to acquire Issued Share Capital in Wellcom Group

November 13, 2019 01:39 PM AEDT | By Team Kalkine Media

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Wellcom Group Limited (ASX: WLL) announced that the Federal Court of Australia has approved the scheme of arrangement for the proposed acquisition of all of the issued share capital in Wellcom (except for shares held by SIDCOM Pty Ltd) by Innocean Worldwide Inc.

The scheme becomes legally effective on 14 November 2019 and trading of securities of Wellcomâs shares will be suspended.

On the Implementation Date (27 November 2019), the Scheme shareholders will receive $6.70 for each Wellcom share that they hold as at the Scheme Record Date (21 November 2019).

The ordinary dividend of $0.11 per Wellcom share and the special dividend of $0.10 per Wellcom share will be paid on the Implementation Date to Wellcom shareholders.

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