Seymour Whyte Shareholders Approve Take-Over
Seymour Whyte Limited Shareholders today voted overwhelmingly in favour of the scheme of arrangement under which VINCI Construction International Network’s nominee VINCI Construction Australasia Pty Ltd will acquire 100% of the shares in Seymour Whyte.
Next Steps
Seymour Whyte will apply to the Federal Court of Australia for approval of the Scheme, with the hearing scheduled for Tuesday 3 October 2017. If the Scheme is approved by the Court, Seymour Whyte Shareholders who hold shares on the relevant record dates will receive a total cash payment of $1.285 for each Seymour Whyte Share (which includes the payment of Scheme Dividends).