Bigtincan Holdings Limited (ASX:BTH) Shareholders Approve Acquisition Scheme
Share Scheme Approval
Bigtincan Holdings Limited shareholders approved the proposed scheme of arrangement for Big Wombat Pty Ltd to acquire 100% of BTH’s issued share capital, with 85.97% of shareholders present voting in favour and 99.34% of votes cast supporting the resolution.
Option Scheme Approval
Both Out-of-the-money and In-the-money BTH optionholders approved the proposed schemes, with 95.83% of OTM optionholders and 100% of ITM optionholders voting in favour of their respective resolutions.
Next Steps
The schemes are subject to approval by the Supreme Court of New South Wales on 8 April 2025. If approved, BTH shares will be suspended on 9 April 2025, and the schemes will be implemented on 23 April 2025.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Bigtincan. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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