RUBIK FINANCIAL LIMITED Rubik advises that the resolution to approve the Scheme (Scheme Resolution), as set out in the Notice of Scheme Meeting dated 24 March 2017, was passed by the requisite majorities of shareholders, with:
87.10% of Rubik shareholders present and voting (either in person or by proxy) in favour of the resolution; and
97.72% of votes cast in favour of the resolution.
The Scheme Resolution was decided by way of a poll. A full copy of the poll report submitted by the returning officer as appointed by Rubik is attached in Annexure A.
The results of the poll were as follows:
For | Against | Abstain* | Total For or Against | |
Votes | 299,439,319 | 6,992,740 | 6,248,000 | 306,432,059 |
Holders | 270 | 40 | - | 310 |
Percentage of votes | 97.72% | 2.28% | - | - |
Percentage of holders | 87.10% | 12.90% | - | - |
* Note that votes relating to a shareholder who abstains from voting are not counted in determining the requisite majorities.
Rubik Financial Limited ABN 51 071 707 232
85 Castlereagh Street, Sydney, NSW, 2000 www.rubik.com.au
The proxies received were as follows:
For | Against | Abstain* | Total For or Against | |
Votes | 277,773,150 | 1,055,034 | 6,248,000 | 278,828,184 |
Holders | 266 | 39 | - | 305 |
Percentage of votes | 99.62% | 0.38% | - | - |
Percentage of holders | 87.21% | 12.79% | - | - |
* Note that votes relating to a shareholder who abstains from voting are not counted in determining the requisite majorities.
TimetableThe Scheme remains subject to the approval of the Federal Court of Australia (Court) at a court hearing currently scheduled for 10:15am on Friday, 5 May 2017. Rubik will make a further announcement after the Court has considered Rubik's application. Should the Court approve the Scheme, Rubik will lodge the Court's orders with the ASIC, after which the Scheme will become effective.
The key dates for implementation of the Scheme are set out below.
Monday, 8 May 2017 | Effective Date - this is the date on which the Scheme comes into effect and is binding on Scheme Shareholders, the Court order is lodged with ASIC and announced on Rubik's website. |
Close of trading on Monday, 8 May 2017 | Suspension of trading in Rubik Shares on the ASX. Scheme Shareholders must not dispose of, or purport or agree to dispose of, any Scheme Shares or any interest in them after the Effective Date. If the Scheme proceeds, close of trading on the Effective Date will be the last time that Scheme Shares can be disposed of. |
7.00pm (Sydney time) on Monday, 15 May 2017 | Scheme Record Date - all Rubik Shareholders who hold Rubik Shares on the Scheme Record Date will be entitled to receive the Scheme Consideration. |
Monday, 22 May 2017 (the 5th Business Day after the Scheme Record Date) | Implementation Date - all Scheme Shareholders will be sent the Scheme Consideration to which they are entitled on this date. Rubik will be removed from the official list of ASX. |
All times and dates in the above timetable are references to the time and date in Sydney, New South Wales, Australia and all such times and dates are subject to change. Rubik may vary any or all of these dates and times and will provide reasonable notice of any such variation. Any changes will be announced by Rubik to ASX.
-Ends-
For more information please contact:Iain Dunstan CEO +61 2 9488 4067 iain.dunstan@rubik.com.au | Joanna McCarthy Head of Marketing & Communications +61 412 162 152 Joanna.McCarthy@rubik.com.au |
Annexure A - Poll Report
Rubik Financial Limited published this content on 26 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 April 2017 02:58:18 UTC.
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