Latest Federal Court News

The Reject Shop Limited shares have been suspended from ASX trading following Federal Court approval of Dollarama Inc.'s acquisition scheme. This marks a pivotal step in the retailer's transition under new ownership.

Envirosuite Limited shareholders are invited to vote on a $132.2 million acquisition proposal by Ideagen EVS BidCo Pty Limited, with the Envirosuite Board unanimously recommending approval. The scheme offers a significant premium to recent trading prices and is supported by an independent expert report deeming it fair and reasonable.

The Reject Shop Limited has received Federal Court approval for its Scheme, enabling a fully franked special dividend of AUD 0.77 per share payable mid-July.

The Federal Court has approved Dollarama’s acquisition of The Reject Shop, triggering a suspension of TRS shares on the ASX and setting the stage for upcoming cash payments to shareholders.

The Federal Court of Australia has approved Dollarama’s acquisition of The Reject Shop, setting the stage for a significant shift in the Australian discount retail landscape. Shareholders are poised to receive a special dividend and a cash payout as the scheme becomes effective.

PointsBet shareholders have voted in favour of the proposed $1.20 per share acquisition by MIXI, Inc, marking a significant premium and clearing a key hurdle ahead of court approval.

The Reject Shop held a virtual Scheme Meeting approving Dollarama's $6.68 per share acquisition offer, reflecting a substantial premium and unanimous board support. The deal now awaits Federal Court approval, with implementation expected by late July.

Dubber Corporation has initiated court proceedings against its former auditors following a $26.6 million misappropriation uncovered in FY24, aiming to restore financial stability by year-end.

FinTech HQ Pty Ltd, the second largest shareholder in NSX Limited, has declared its intention to support the proposed acquisition by the Canadian Securities Exchange, pending no better offers emerge.

Vinyl Group Ltd has had its trading suspension lifted following a Federal Court decision related to its previous non-compliance with cleansing notice requirements.

Vinyl Group Ltd has obtained an amended Federal Court order correcting a minor share count error in a previous ruling and secured relief from civil liability related to cleansing notice delays, prompting a request to lift its trading suspension.

Vinyl Group Ltd has secured a Federal Court order to rectify delayed cleansing notices for multiple share issues, ensuring their shares remain freely tradable. The court’s decision also shields involved parties from civil liability related to the disclosure lapse.