Implementation of Scheme of Arrangement
Implementation of Scheme of Arrangement

Patersons Securities Limited (Patersons) is pleased to announce that the scheme of arrangement between Patersons and its shareholders (Scheme), which was approved by Patersons shareholders on 1 October 2019 and became legally effective on 8 October 2019, has been implemented today.

22 October 2019

In accordance with the terms of the Scheme, Canaccord Financial Group (Australia) Pty Ltd now holds all of the shares in Patersons.

The base Scheme consideration of A$0.2205 for each Patersons share held on the Scheme Record Date (15 October 2019) was paid to Patersons shareholders today.

Patersons shareholder 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