Supreme Court of NSW approved proposed acquisition of Tassal by Aquaculture Australia

Tassal Group Limited (ASX: TGR) announced that the Supreme Court of New South Wales (NSW) has approved the proposed acquisition of Tassal by Aquaculture Australia Company Pty Ltd via Scheme of Arrangement.

Tassal expects to lodge an office copy of the Court orders with the ASIC on 09 November 2022. Post this, the Scheme will become legally effective. Further, the Company updated that its shares would remain suspended on ASX from end of trading session on 09 November 2022.

Conditional on the Scheme becoming legally effective, TGR Shareholders (apart from certain excluded TGR Shareholders) will be sent AU$5.23 cash per TGR share on the Implementation Date for the Scheme.

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