ClearView Shares Suspended as Zurich Takeover Scheme Becomes Effective with $0.60 Cash Consideration

Scheme of Arrangement Gains Legal Approval

ClearView Wealth Limited (ASX:CVW) has confirmed that the Supreme Court of New South Wales has approved the members’ scheme of arrangement for its acquisition by Zurich Financial Services Australia Limited. The court orders were lodged with ASIC, marking the scheme as effective and paving the way for the transaction’s final stages.

Trading Suspension and Shareholder Payments

Following the scheme’s effectiveness, ClearView shares are expected to be suspended from trading on the ASX from the close of business on 31 July 2026. Shareholders registered as at 7:00pm (Sydney time) on 5 August 2026 will receive a fully franked special dividend of $0.05 per share, payable on 12 August 2026. This dividend was previously announced as conditional on the scheme’s approval and reduces the takeover price accordingly.

Scheme Consideration and Implementation Timeline

Shareholders on the register at 7:00pm (Sydney time) on 13 August 2026 will receive the scheme consideration of A$0.60 per ClearView share in cash. This figure reflects a reduction from the initial $0.65 offer due to the special dividend payout. Certain shareholders may also benefit from franking credits attached to the dividend, potentially increasing the total value received to approximately $0.67 per share, depending on individual tax circumstances. The scheme is expected to be implemented on 20 August 2026.

Next Steps for Shareholders and Market

Shareholders with questions about the scheme have access to a dedicated information line. With trading suspended and payments scheduled, the focus now shifts to the scheme’s implementation and the integration of ClearView into Zurich’s operations. The transaction concludes a process marked by strong shareholder support and regulatory approvals.