Publication and posting of Scheme Document

Summary by AI BETAClose X

Augmentum Fintech plc announced the publication of its Scheme Document concerning the recommended cash acquisition by Frontier Bidco Limited, indirectly controlled by Verdane Fund Manager AB. The Scheme of Arrangement requires shareholder approval at Court and General Meetings scheduled for April 15, 2026. The Augmentum Directors unanimously recommend shareholders vote in favour of the acquisition, with some directors having already irrevocably undertaken to do so for approximately 0.32% of the issued share capital. The expected timetable indicates the Scheme could become effective by D+2 business days following the Court sanction hearing, with the cancellation of Augmentum Shares from the London Stock Exchange expected by D+3 business days.

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