Federal Court Approves Scheme of Arrangement
Federal Court Approves Scheme of Arrangement

Patersons Securities Limited (Patersons) announces that the Federal Court of Australia (Court) has today made orders approving the scheme of arrangement under which Canaccord Financial Group (Australia) Pty Ltd will acquire 100% of the issued share capital of Patersons for cash consideration via a scheme of arrangement (Scheme).

Patersons expects to lodge a copy of the Court’s orders with the Australian Securities and Investments Commission tomorrow, Tuesday 8 October, at which time the Scheme will become legally effective.

Patersons shareholders who have questions about the Scheme or the transaction should contact Timothy Platts on +61 8 9263 1223 between 9.00 am and 5.00 pm (Perth time) Monday to Friday.