Prospa Group Shareholders Greenlight Takeover

Prospa Group Ltd. (AU:PGL) has released an update.

Prospa Group Limited shareholders have overwhelmingly approved a takeover scheme by Salkbridge Pty Ltd, backed by the Salter Brothers Tech Fund consortium, with over 81% of voting shareholders in favor. The acquisition is pending final approval from the Supreme Court of New South Wales, with the Scheme expected to be legally effective from 1 August 2024 if all conditions are met. Once finalized, Prospa shares will be suspended from trading and the Scheme implemented on 8 August 2024, at which time shareholders will receive the Scheme Consideration.

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