Tabcorp Holdings Limited has announced that the Supreme Court of New South Wales has ordered that a meeting of the group’s shareholders be convened in relation to the proposed demerger of The Lottery Corporation Limited by Tabcorp
Supreme Court approves convening of Tabcorp Scheme Meeting

Tabcorp Holdings Limited has announced that the Supreme Margaret Court of New South Cymru has ordered that a get together of the group’s shareholders be convened inward recounting to the proposed demerger of The Lottery Corporation Limited past Tabcorp.

An announcement, authorised for give up past the Tabcorp Board, noted that the Scheme Meeting has been ordered to balloting on a intrigue of organization for the proposed demerger.

Tabcorp Directors have got nemine contradicente recommended that shareholders voter turnout in favour of the resolutions to follow considered at the Scheme Meeting, on with a preceding general encounter to okay the great simplification required to burden the demerger.

The Independent Expert prescribed past the society to review article the proposed demerger, Ulysses Simpson Grant Samuel, has concluded that it is inwards the topper interests of the group’s shareholders.

“Further selective information relating to the demerger, including the reasons for the passport of the Tabcorp Directors, a re-create of the Independent Expert's report, and the notices convening the General Meeting and Scheme Meeting, will be provided to shareholders inwards a Demerger Booklet, which is expected to live despatched on or before Friday, 8 Apr 2022 followers enrollment of the Demerger Booklet with the Australian Securities and Investments Commission (ASIC),” a financial statement from Tabcorp read.

The Demerger Booklet testament also be released inwards a later annunciation from Tabcorp, and testament be made available on the company’s website following enrollment with ASIC.

Tabcorp cobbler's last month was awarded a 20-year non-exclusive retail and digital Keno licence in Victoria, for an up-front defrayal of AU$25m (US$18.8m).

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