Damstra Holdings Ltd. (AU:DTC) has released an update.
In a significant corporate development, Damstra Holdings Limited shareholders have overwhelmingly supported a scheme of arrangement for Ideagen (Australia) Cerium BidCo Pty Ltd to acquire all remaining Damstra shares. This approval moves the company closer to finalizing the acquisition, with the next step involving seeking approval from the Supreme Court of New South Wales. If the court and regulatory approvals are secured, the scheme is expected to be implemented by late April 2024, leading to the suspension of Damstra shares from trading on the Effective Date.
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