Donaco International Limited (ASX:DNA) Court Approves Share Acquisition Scheme
Scheme Approval
Donaco International Limited (Donaco) announced that the Supreme Court of New South Wales has approved the proposed scheme of arrangement for On Nut Road Limited (ONR) to acquire 100% of Donaco’s shares that ONR does not already own.
Effective Date and Trading Suspension
Under the Corporations Act 2001, the scheme becomes legally effective upon lodgement of the Court’s orders with ASIC, expected on Friday, 8 August 2025. Donaco shares will be suspended from trading on the ASX from the close of trading on that date.
Indicative Timetable
Key dates for the scheme include the Effective Date on 8 August 2025, Record Date on 12 August 2025 at 5:00 pm AEST, and Implementation Date with payment on 19 August 2025. Any changes to the timetable will be announced on ASX and Donaco’s website.
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 no position in any of the stocks mentioned. 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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