News

End of an era – BINGO delists from ASX

Published on 15th July 2021

Bingo Industries

Supreme Court of NSW approves Scheme of Arrangement

BINGO Industries Limited (“BINGO” or “the Company”) announces that the Supreme Court of New South Wales (“Court”) has today made orders approving the proposed scheme of arrangement under which Recycle and Resource Operations Pty Limited, an entity majority owned by Macquarie Infrastructure and Real Assets and its managed funds, will acquire all of the issued shares in BINGO (“Scheme”).
 
BINGO confirms that it has lodged an office copy of the orders made by the Supreme Court of New South Wales (“Court”) approving the proposed scheme of arrangement. The Scheme is now legally effective and it is expected that quotation of BINGO shares on the ASX will be suspended from the close of trading today. BINGO shareholders will be provided the Scheme consideration on implementation of the Scheme (expected to be Thursday, 5 August 2021) in respect of BINGO shares held at 7.00pm (Sydney time) on Thursday, 22 July 2021. BINGO shareholders will also receive the fully franked special dividend of $0.117 per BINGO share announced on Tuesday, 13 July 2021 (“Special Dividend”) in respect of BINGO shares held at 7.00pm (Sydney time) on Monday, 19 July 2021. Payment of the Special Dividend is expected to occur on Wednesday, 28 July 2021.

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