Vonex Limited (ASX:VN8) Shareholders Approve MaxoTel Acquisition
Scheme Approval
Vonex Limited has received shareholder approval for MaxoTel’s acquisition of all remaining shares via a scheme of arrangement.
Voting Results
99.6% of votes cast by eligible Vonex shareholders supported the scheme resolution, representing 76.3% of eligible shareholders.
Next Steps
Vonex has applied to the Supreme Court of New South Wales for scheme approval, with a hearing on October 9, 2025. If approved, the scheme becomes effective on October 20, leading to delisting from the ASX on October 21. Shareholders on record as of October 13 will receive $0.036 per share.
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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