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Qoria Limited (ASX:QOR) has obtained strong shareholder endorsement for its planned acquisition by US-based Aura Consolidated Group, Inc., with 91.49% of shareholders present and voting approving the scheme of arrangement at the meeting held on 2 July 2026. Under the agreement, Qoria shareholders will receive Aura common stock shares in the form of CHESS Depositary Interests (CDIs) in exchange for their Qoria shares. The scheme will now advance to a Second Court Hearing set for 7 July 2026, with implementation aimed for 17 July 2026 pending court approval. Investors holding QOR shares should note that Qoria is expected to be suspended from trading on the ASX from the close of business on 8 July 2026.<\/p> <\/div>
Key Points<\/h3>
- Company: Qoria Limited (ASX:QOR)<\/li>
- 91.49% of shareholders present and voting approved the Scheme Resolution at the 2 July 2026 Scheme Meeting<\/li>
- 92.54% of total votes cast supported the scheme<\/li>
- 273 shareholders voted in favour; 22 opposed; 6 abstained<\/li>
- Scheme consideration consists of Aura Consolidated Group CDIs (CHESS Depositary Interests representing Aura common stock)<\/li>
- Second Court Hearing scheduled for 10:15am Perth time on 7 July 2026<\/li>
- Qoria trading suspension expected from close of trading on 8 July 2026<\/li>
- Implementation Date targeted for 17 July 2026; normal settlement trading from 20 July 2026<\/li>
- Investors should monitor court approval outcome and any timetable changes<\/li>
<\/ul>
<\/div>
Qoria Shareholders Cast Strong Vote in Favour of Aura Consolidated Group Scheme Resolution<\/h2>
During the Scheme Meeting on Thursday, 2 July 2026, Qoria shareholders overwhelmingly supported the acquisition proposal. On a poll basis, 91.49% of shareholders present and voting—whether in person, by proxy, attorney, or corporate representative—voted to approve the Scheme Resolution. When measured by votes cast, support was even higher at 92.54%.<\/p>
Specifically, 697,660,725 votes were cast in favour, 65,226,809 votes against, with 1,408,911 votes at proxy discretion and 1,798,082 abstentions. Abstentions are excluded from the majority calculation under the Corporations Act 2001 (Cth). Of those voting, 273 shareholders supported the scheme, 22 opposed, and 6 abstained, comfortably meeting both headcount and votes-cast thresholds required for approval.<\/p>
Implications of the Scheme of Arrangement for Qoria Shareholders<\/h2>
The acquisition is structured as a scheme of arrangement under Part 5.1 of the Corporations Act 2001 (Cth). Aura Consolidated Group, Inc. (ARBN 695 488 843) will acquire all fully paid ordinary shares of Qoria. Instead of cash, shareholders will receive shares in Aura common stock delivered as CHESS Depositary Interests (Scheme Consideration CDIs).<\/p>
CDIs are commonly used on the ASX to facilitate trading of foreign-incorporated companies’ securities in a format accessible to Australian investors. By receiving Aura CDIs, Qoria shareholders gain exposure to the combined entity without needing to manage foreign securities accounts. The exchange ratio and pricing details were provided in the Scheme Booklet released on 27 May 2026; investors should consult that document for full terms.<\/p>
Second Court Hearing on 7 July 2026: Essential Next Step<\/h2>
Despite the strong shareholder vote, the scheme remains conditional on court approval at the Second Court Hearing scheduled for 10:15am Perth time on Tuesday, 7 July 2026. This court approval is a mandatory requirement under Australian scheme of arrangement procedures and cannot be bypassed.<\/p>
Additionally, the scheme depends on satisfaction or waiver of certain other conditions precedent outlined in the Scheme Booklet. The company update does not specify the status of these conditions but notes that implementation depends on their resolution. Investors and market participants should monitor further updates from Qoria regarding court approval and any timetable changes.<\/p>
Trading Suspension of Qoria Shares and Effective Date on 8 July 2026<\/h2>
Should the court grant approval as expected, Qoria plans to lodge the court orders with the Australian Securities and Investments Commission (ASIC) on Wednesday, 8 July 2026. This lodgement will mark the scheme’s Effective Date, triggering the start of implementation.<\/p>
Importantly, Qoria shares are expected to be suspended from trading on the ASX from the close of trading on 8 July 2026. This will likely be the final day for ordinary trading of QOR shares on the ASX. Shareholders who have not yet acted should be aware that the opportunity for on-market QOR transactions will close then, subject to court approval.<\/p>
Aura CDIs to Begin Conditional and Deferred Settlement Trading on 9 July 2026<\/h2>
Following the suspension of Qoria shares, Aura CDIs are expected to commence conditional and deferred settlement trading on the ASX starting Thursday, 9 July 2026. This allows market participants to trade Aura CDIs ahead of formal allotment, with settlement deferred until after implementation. This approach is standard in major ASX corporate transactions to enable early price discovery.<\/p>
Normal T+2 settlement trading for Aura CDIs is anticipated to begin on Monday, 20 July 2026, after the Implementation Date of 17 July 2026. Holding statements are expected to be sent to shareholders on Tuesday, 21 July 2026. Due to US-Australia time zone differences, the issuance of new Aura shares is expected to occur during US business hours to facilitate implementation during Australian business hours on the Implementation Date.<\/p>
Record Date of 10 July 2026 Determines Entitlement to Aura CDIs<\/h2>
The Record Date for the scheme—used to identify Qoria shareholders entitled to receive Scheme Consideration CDIs—is set for Friday, 10 July 2026 at 5:00pm Perth time. Only shareholders registered on Qoria’s share register at that time will receive Aura CDIs under the scheme. This highlights the importance of the 8 July 2026 trading suspension as the practical deadline for changes in shareholding.<\/p>
For shareholders holding shares through brokers or custodians, settlement timing may affect record date entitlements. Shareholders with questions about their entitlements are encouraged to contact the Qoria Information Line at 1300 125 725 (within Australia) or +61 3 9415 4860 (outside Australia), available Monday to Friday from 8:30am to 5:00pm Melbourne time, excluding public holidays.<\/p>
Deadline for Unmarketable Parcel Shareholders is 5:00pm on 8 July 2026<\/h2>
The company’s indicative timetable specifies that Unmarketable Parcel Shareholders must submit their Election Forms by 5:00pm Perth time on Wednesday, 8 July 2026. The Scheme Booklet dated 27 May 2026 details the unmarketable parcel facility and available options for affected shareholders.<\/p>
Unmarketable parcel provisions allow shareholders holding below a minimum marketable parcel value to exit efficiently. The update does not specify the threshold value; shareholders who believe they may be affected should consult the Scheme Booklet or contact the information line before the deadline.<\/p>
Aura Preferred Stock Conversion and Charter Amendment Prior to Implementation<\/h2>
The timetable also notes two internal corporate actions for Aura before scheme implementation: conversion of Aura Preferred Stock into Aura shares immediately before filing and effectiveness of a Charter Amendment, which itself becomes effective immediately prior to the Implementation Date.<\/p>
These steps are preconditions for issuing Scheme Consideration CDIs and reflect Aura Consolidated Group’s capital structure restructuring ahead of ASX listing. Further details on the Preferred Stock conversion and Charter Amendment are in the Scheme Booklet released on 27 May 2026.<\/p>
Qoria Board Approves Release Following Scheme Meeting Outcome<\/h2>
The update confirming shareholder approval was authorized for release by Qoria Limited’s board. Investor and media contacts are Tim Levy, Managing Director ([email protected], +61 413 563 333), and Kane Hannan, Head of Corporate and Investor Relations ([email protected], +61 407 365 921). Qoria’s headquarters are at Ground Floor and Level 1, 177 St Georges Terrace, Perth WA 6000.<\/p>
The board’s approval complies with ASX Listing Rule 3.13.2 and section 251AA(2) of the Corporations Act, requiring prompt disclosure of scheme meeting results. The company noted all timetable dates are indicative and may change due to factors outside Qoria’s or Aura’s control, including court proceedings and conditions precedent. Any timetable changes will be announced accordingly.<\/p>
Key Developments for Investors as Qoria-Aura Deal Advances Toward Completion<\/h2>
With shareholder approval secured, the focus shifts to remaining milestones. The critical next step is the Second Court Hearing on 7 July 2026. If approved, the scheme will become Effective on 8 July 2026, followed by trading suspension and Implementation on 17 July 2026. Any adverse court rulings or unmet conditions could delay or halt completion. Investors should watch for further company announcements.<\/p>
The immediate share price impact of the shareholder vote was not evident from public information. Investors may also track additional disclosures on Aura Consolidated Group’s business, the combined entity’s strategy post-implementation, and Aura CDI trading commencing 9 July 2026. Current QOR shareholders should note the final trading and record dates to understand when their entitlement to Scheme Consideration CDIs will be established. The Scheme Booklet dated 27 May 2026 remains the definitive source for full transaction terms, risks, and conditions.<\/p>
Qoria Shareholders Cast Strong Vote in Favour of Aura Consolidated Group Scheme Resolution<\/h2>
During the Scheme Meeting on Thursday, 2 July 2026, Qoria shareholders overwhelmingly supported the acquisition proposal. On a poll basis, 91.49% of shareholders present and voting—whether in person, by proxy, attorney, or corporate representative—voted to approve the Scheme Resolution. When measured by votes cast, support was even higher at 92.54%.<\/p>
Specifically, 697,660,725 votes were cast in favour, 65,226,809 votes against, with 1,408,911 votes at proxy discretion and 1,798,082 abstentions. Abstentions are excluded from the majority calculation under the Corporations Act 2001 (Cth). Of those voting, 273 shareholders supported the scheme, 22 opposed, and 6 abstained, comfortably meeting both headcount and votes-cast thresholds required for approval.<\/p>
Implications of the Scheme of Arrangement for Qoria Shareholders<\/h2>
The acquisition is structured as a scheme of arrangement under Part 5.1 of the Corporations Act 2001 (Cth). Aura Consolidated Group, Inc. (ARBN 695 488 843) will acquire all fully paid ordinary shares of Qoria. Instead of cash, shareholders will receive shares in Aura common stock delivered as CHESS Depositary Interests (Scheme Consideration CDIs).<\/p>
CDIs are commonly used on the ASX to facilitate trading of foreign-incorporated companies’ securities in a format accessible to Australian investors. By receiving Aura CDIs, Qoria shareholders gain exposure to the combined entity without needing to manage foreign securities accounts. The exchange ratio and pricing details were provided in the Scheme Booklet released on 27 May 2026; investors should consult that document for full terms.<\/p>
Second Court Hearing on 7 July 2026: Essential Next Step<\/h2>
Despite the strong shareholder vote, the scheme remains conditional on court approval at the Second Court Hearing scheduled for 10:15am Perth time on Tuesday, 7 July 2026. This court approval is a mandatory requirement under Australian scheme of arrangement procedures and cannot be bypassed.<\/p>
Additionally, the scheme depends on satisfaction or waiver of certain other conditions precedent outlined in the Scheme Booklet. The company update does not specify the status of these conditions but notes that implementation depends on their resolution. Investors and market participants should monitor further updates from Qoria regarding court approval and any timetable changes.<\/p>
Trading Suspension of Qoria Shares and Effective Date on 8 July 2026<\/h2>
Should the court grant approval as expected, Qoria plans to lodge the court orders with the Australian Securities and Investments Commission (ASIC) on Wednesday, 8 July 2026. This lodgement will mark the scheme’s Effective Date, triggering the start of implementation.<\/p>
Importantly, Qoria shares are expected to be suspended from trading on the ASX from the close of trading on 8 July 2026. This will likely be the final day for ordinary trading of QOR shares on the ASX. Shareholders who have not yet acted should be aware that the opportunity for on-market QOR transactions will close then, subject to court approval.<\/p>
Aura CDIs to Begin Conditional and Deferred Settlement Trading on 9 July 2026<\/h2>
Following the suspension of Qoria shares, Aura CDIs are expected to commence conditional and deferred settlement trading on the ASX starting Thursday, 9 July 2026. This allows market participants to trade Aura CDIs ahead of formal allotment, with settlement deferred until after implementation. This approach is standard in major ASX corporate transactions to enable early price discovery.<\/p>
Normal T+2 settlement trading for Aura CDIs is anticipated to begin on Monday, 20 July 2026, after the Implementation Date of 17 July 2026. Holding statements are expected to be sent to shareholders on Tuesday, 21 July 2026. Due to US-Australia time zone differences, the issuance of new Aura shares is expected to occur during US business hours to facilitate implementation during Australian business hours on the Implementation Date.<\/p>
Record Date of 10 July 2026 Determines Entitlement to Aura CDIs<\/h2>
The Record Date for the scheme—used to identify Qoria shareholders entitled to receive Scheme Consideration CDIs—is set for Friday, 10 July 2026 at 5:00pm Perth time. Only shareholders registered on Qoria’s share register at that time will receive Aura CDIs under the scheme. This highlights the importance of the 8 July 2026 trading suspension as the practical deadline for changes in shareholding.<\/p>
For shareholders holding shares through brokers or custodians, settlement timing may affect record date entitlements. Shareholders with questions about their entitlements are encouraged to contact the Qoria Information Line at 1300 125 725 (within Australia) or +61 3 9415 4860 (outside Australia), available Monday to Friday from 8:30am to 5:00pm Melbourne time, excluding public holidays.<\/p>
Deadline for Unmarketable Parcel Shareholders is 5:00pm on 8 July 2026<\/h2>
The company’s indicative timetable specifies that Unmarketable Parcel Shareholders must submit their Election Forms by 5:00pm Perth time on Wednesday, 8 July 2026. The Scheme Booklet dated 27 May 2026 details the unmarketable parcel facility and available options for affected shareholders.<\/p>
Unmarketable parcel provisions allow shareholders holding below a minimum marketable parcel value to exit efficiently. The update does not specify the threshold value; shareholders who believe they may be affected should consult the Scheme Booklet or contact the information line before the deadline.<\/p>
Aura Preferred Stock Conversion and Charter Amendment Prior to Implementation<\/h2>
The timetable also notes two internal corporate actions for Aura before scheme implementation: conversion of Aura Preferred Stock into Aura shares immediately before filing and effectiveness of a Charter Amendment, which itself becomes effective immediately prior to the Implementation Date.<\/p>
These steps are preconditions for issuing Scheme Consideration CDIs and reflect Aura Consolidated Group’s capital structure restructuring ahead of ASX listing. Further details on the Preferred Stock conversion and Charter Amendment are in the Scheme Booklet released on 27 May 2026.<\/p>
Qoria Board Approves Release Following Scheme Meeting Outcome<\/h2>
The update confirming shareholder approval was authorized for release by Qoria Limited’s board. Investor and media contacts are Tim Levy, Managing Director ([email protected], +61 413 563 333), and Kane Hannan, Head of Corporate and Investor Relations ([email protected], +61 407 365 921). Qoria’s headquarters are at Ground Floor and Level 1, 177 St Georges Terrace, Perth WA 6000.<\/p>
The board’s approval complies with ASX Listing Rule 3.13.2 and section 251AA(2) of the Corporations Act, requiring prompt disclosure of scheme meeting results. The company noted all timetable dates are indicative and may change due to factors outside Qoria’s or Aura’s control, including court proceedings and conditions precedent. Any timetable changes will be announced accordingly.<\/p>
Key Developments for Investors as Qoria-Aura Deal Advances Toward Completion<\/h2>
With shareholder approval secured, the focus shifts to remaining milestones. The critical next step is the Second Court Hearing on 7 July 2026. If approved, the scheme will become Effective on 8 July 2026, followed by trading suspension and Implementation on 17 July 2026. Any adverse court rulings or unmet conditions could delay or halt completion. Investors should watch for further company announcements.<\/p>
The immediate share price impact of the shareholder vote was not evident from public information. Investors may also track additional disclosures on Aura Consolidated Group’s business, the combined entity’s strategy post-implementation, and Aura CDI trading commencing 9 July 2026. Current QOR shareholders should note the final trading and record dates to understand when their entitlement to Scheme Consideration CDIs will be established. The Scheme Booklet dated 27 May 2026 remains the definitive source for full transaction terms, risks, and conditions.<\/p>
